UPDATE: Oppenheimer Cuts PT to $74 on Yum! Brands on Conservative 2013 Outlook

Oppenheimer reiterated its Outperform rating on Yum! Brands (NYSE: YUM ) but lowered the price target from $82.00 to $74.00. Oppenheimer said, "As uncertainty hangs over YUM's China business (43% of profits), we've sharpened our pencils and lower '13E below the Street's optimistic-looking estimates. Our analysis suggests '13 EPS growth