Morgan Stanley flags challenging Q3 outlook for Yum! Brands and peers

On October 15, Morgan Stanley said Yum! Brands, McDonald’s and Restaurant Brands International faced mixed Q3 results amid slower fast-food trends; it expected YUM results could fall short of forecasts in Q3 and possibly Q4, citing Taco Bell’s cyclosporiasis issues and estimates that may still include Pizza Hut. It called YUM a top pick among major chains. YUM rose 2.82% that day.