Upgrades Neutral Buy X

YUM Yum! Brands

Goldman

$167

Initiated Neutral X

YUM Yum! Brands

Goldman

$150

Upgrades Sell Buy X

YUM Yum! Brands

Goldman

$125 $135

Initiated Sell X

YUM Yum! Brands

Goldman

$103

Initiated Neutral X

YUM Yum! Brands

Goldman

$115

Downgrades Neutral Sell X

YUM Yum! Brands

Goldman

YUM  Yum! Brands, Inc.

YUM! Brands, Inc. is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world. KFC restaurants across the world offer fried and non-fried chicken products, such as sandwiches, chicken strips, chicken-on-the-bone and other chicken products. Pizza Hut is a restaurant chain specialized in the sale of ready-to-eat pizza products. Taco Bell specializes in Mexican-style food products, including various types of tacos, burritos, quesadillas, salads, nachos and other related items.