Shares of Yum Brands (YUM -2.3%) slip after the company is cut to Market Perform from Outperform...

|By:, SA News Editor

Shares of Yum Brands (YUM -2.3%) slip after the company is cut to Market Perform from Outperform at Raymond James. Analyst with the firm see middle-class spending in China as a random variable in the revenue equation for YUM and see valuation getting a bit stretched.