UPDATE: Deutsche Bank Upgrades Yum! Brands as Top Pick for 2014
November 22, 2013 at 09:22 AM EST
In a report published Friday, Deutsche Bank analyst Jason West upgraded the rating on Yum! Brands (NYSE: YUM ) from Hold to Buy, and raised the price target from $72.00 to $90.00. In the report, Deutsche Bank noted, “We see a favorable risk-reward (~35% upside, ~7% downside) as earnings growth