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By: Benzinga
January 14, 2013 at 14:13 PM EST
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
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