Goldman Sachs upgrades Yum Brands (YUM) to Buy from Neutral on its view a slowdown in China is...

|By:, SA News Editor

Goldman Sachs upgrades Yum Brands (YUM) to Buy from Neutral on its view a slowdown in China is cyclical. The take falls in line with the company's own assertion that same-store sales growth average over 7% when smoothing out the peaks and valleys. Goldman sets a $77 price target on shares.