Initiated Buy X

YUM Yum! Brands

Melius

$200

Upgrades Neutral Overweight X

YUM Yum! Brands

JP Morgan

$162

Upgrades Neutral Buy X

YUM Yum! Brands

Redburn Atlantic

$177

Upgrades Neutral Buy X

YUM Yum! Brands

Goldman

$167

Downgrades Outperform Mkt Perform X

YUM Yum! Brands

Bernstein

$140 $135

Downgrades Overweight Eq-Weight X

YUM Yum! Brands

Morgan Stanley

$158 $140

Downgrades Buy Neutral X

YUM Yum! Brands

Citigroup

$153 $141

Upgrades Hold Buy X

YUM Yum! Brands

Argus

$155

Downgrades Buy Hold X

YUM Yum! Brands

TD Cowen

$156 $145

Downgrades Outperform In-line X

YUM Yum! Brands

Evercore ISI

$160 $145

Initiated Neutral X

YUM Yum! Brands

Goldman

$150

Downgrades Buy Hold X

YUM Yum! Brands

Argus

Downgrades Overweight Eq Weight X

YUM Yum! Brands

Wells Fargo

$150 $135

Upgrades Perform Outperform X

YUM Yum! Brands

Oppenheimer

$154

Downgrades Buy Hold X

YUM Yum! Brands

Stifel

$135

Upgrades Eq Weight Overweight X

YUM Yum! Brands

Barclays

$126 $146

Downgrades Overweight Neutral X

YUM Yum! Brands

Redburn Atlantic

$115

Initiated Hold X

YUM Yum! Brands

Deutsche Bank

$131

Initiated Neutral X

YUM Yum! Brands

Piper Sandler

$142

Initiated Overweight X

YUM Yum! Brands

Wells Fargo

$145

Initiated Outperform X

YUM Yum! Brands

Bernstein

$144

Downgrades Buy Hold X

YUM Yum! Brands

Argus

Upgrades Sell Buy X

YUM Yum! Brands

Goldman

$125 $135

Initiated Buy X

YUM Yum! Brands

Citigroup

$156

Resumed Neutral X

YUM Yum! Brands

BofA Securities

$157

Upgrades Neutral Overweight X

YUM Yum! Brands

Atlantic Equities

$151

Initiated Hold X

YUM Yum! Brands

Loop Capital

$120

Initiated Buy X

YUM Yum! Brands

Guggenheim

$135

Upgrades Hold Buy X

YUM Yum! Brands

Argus

$135

Initiated Neutral X

YUM Yum! Brands

Atlantic Equities

$118

Initiated Sell X

YUM Yum! Brands

Goldman

$103

Initiated Neutral X

YUM Yum! Brands

MKM Partners

Initiated Neutral X

YUM Yum! Brands

Goldman

$115

Downgrades Buy Hold X

YUM Yum! Brands

Edward Jones

Downgrades Neutral Underperform X

YUM Yum! Brands

Longbow

$91

Initiated Neutral X

YUM Yum! Brands

Credit Suisse

$106

Initiated Outperform X

YUM Yum! Brands

Evercore ISI

Downgrades Buy Neutral X

YUM Yum! Brands

Mizuho

$84

Downgrades Overweight Neutral X

YUM Yum! Brands

JP Morgan

$94

Downgrades Neutral Sell X

YUM Yum! Brands

Goldman

Initiated Hold X

YUM Yum! Brands

Gordon Haskett

Downgrades Outperform In-line X

YUM Yum! Brands

Evercore ISI

Initiated Sector Weight X

YUM Yum! Brands

KeyBanc Capital Mkts

Upgrades Neutral Outperform X

YUM Yum! Brands

Robert W. Baird

Reiterated Buy X

YUM Yum! Brands

Stifel

$92 $94

Downgrades Buy Neutral X

YUM Yum! Brands

Nomura

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.