JPMorgan Chase & Co. Issues Pessimistic Forecast for Yum! Brands (NYSE:YUM) Stock Price

JPMorgan Chase & Co. has lowered its price target for Yum! Brands (NYSE:YUM) from $170 to $160, while maintaining an "overweight" rating. This adjustment comes despite the company slightly beating quarterly EPS expectations and approving a $4 billion share-repurchase plan, as investors face concerns over a Taco Bell cyclospora outbreak and insider stock sales. However, Taco Bell's digital-sales initiatives and Yum! Brands' international expansion are noted as potential long-term growth drivers.