Yum Brands faces weaker Taco Bell sales as Pizza Hut exit cuts earnings outlook

Jefferies has cut its earnings forecasts for Yum! Brands Inc (NYSE:YUM), the owner of Taco Bell and KFC, as weaker Taco Bell sales and the disposal of Pizza Hut weigh on its outlook. The broker reiterated its 'hold' rating and $147 price target, highlighting uncertainty over Taco Bell’s...