Yum! Brands reports earnings after the bell.
Analysts polled by Bloomberg are looking for Yum to report Q1 adjusted earnings of $0.84 per share, on revenue of $2.79 billion.
On Monday, JPMorgan downgraded Yum to 'neutral' from 'overweight' with a price target of $80. The analysts also said the current stock price is "fairly pricing In China recovery."
Yum derives a large part of its revenue from China, so investors watch for clues on the health of the Chinese consumer.
Yum's earnings took a hit last quarter after concerns over the bird flu and food safety saw China sales take a hit.
The stock is up 1.8% to $77.35 on Tuesday ahead of earnings.
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