Janney: Yum Should Spin Off Taco Bell

Janney Capital Markets raised sales estimates for Taco Bell Tuesday and said the fast-food chain’s parent company Yum Brands (YUM) should consider a spinoff. Taco Bell is the sixth-largest restaurant chain in the U.S. and Yum’s largest U.S. operating segment, responsible for almost 21% of the company’s operating profit. Janney Analyst Mark Kalinowski now expects the [...]