UPDATE: Citigroup Reiterates Neutral Rating, Lowers PT on Yum! Brands

In a report published Monday, Citigroup reiterated its Neutral rating on Yum! Brands (NYSE: YUM ), but slightly lowered its price target from $71.00 to $70.00. Citigroup noted, “At YUM US, Taco Bell sales trends were solid and KFC sales trends were OK, while Pizza Hut saw a drop off.