Cowen still positive on Yum Brands

|By:, SA News Editor

Cowen reiterates a positive outloook on Yum Brands (YUM +1.6%) after the company updated its earnings reporting system.

Analyst Andrew Charles says the change related to the removal of international subsidiaries to Yum China will smooth out the reporting process and add consistency.

The firm rates Yum Brands at Outperform and holds the price target at $75 (+14% price target).