UPDATE: Bank of America Downgrades Yum! Brands to Underperform on Lower 2013/2014 Estimates
April 23, 2013 at 08:53 AM EDT
In a report published Tuesday, Bank of America analyst Joseph T. Buckley downgraded the rating on Yum! Brands (NYSE: YUM ) from Buy to Underperform, and lowered the price target from $80.00 to $60.00. In the report, Buckley noted, “Our revised price objective is driven by lower 2013 and 2014
