Bank of America Updates on Yum Brands

Bank of America has published a report on Yum Brands Inc YUM reiterating estimates and ratings. In the report, Bank of America wrote, "While the growth story at YRI is impressive, we note that overall same store sales growth of 2% in the first half of 2011, lags the international sales performance of other global quick service restaurant (QSR) brands such as McDonald's, Domino's and Starbucks." Bank of America rated Yum Brands a BUY with a price target of $66.00. Yum Brands closed Wednesday at $51.05.