JPMorgan Slashes Yum! Brands Price Target to $160

JPMorgan Chase & Co. has reduced its price target for Yum! Brands (NYSE:YUM) stock from $170.00 to $160.00, indicating a potential upside of 6.93% from the previous close.

This change was announced in a research note issued by JPMorgan Chase & Co. on Tuesday. The brokerage currently has an 'overweight' rating on Yum! Brands stock.

Despite this pessimistic forecast, other analysts have offered more optimistic views of Yum! Brands. Citigroup recently increased its price target from $175.00 to $178.00 and gave the stock a 'neutral' rating. Eleven analysts have rated the stock with a 'Buy' rating, while seven have assigned a 'Hold' rating.

The company's CEO Aaron Powell sold 6,001 shares of Yum! Brands stock on July 1st at an average price of $160.42, resulting in a total transaction value of $962,680.42.