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12/7/2012 1:37:12 PM
Bank of America analysts lowered the price target of quick-service restaurant operator Yum! Brands, Inc. ( YUM ) on Friday due to a poor outlook of sales in China.
Bank of America now sees shares of YUM reaching $76, a +13.5% upside from Thursday's closing price of $66.92. The analysts maintain a "Buy" rating for the operator of KFC, Pizza Hut, and Taco Bell.
Yum! shares were up 10 cents, or +0.15%, in premarket trading on Friday.
The Bottom Line
Yum! Brands, Inc. ( YUM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.