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Actionable news in YUM: YUM! BRANDS Inc,

Here’s a Reason Why Yum! Brands (YUM) Stock Closed Down Today

NEW YORK (TheStreet) -- Shares of Yum! Brands (YUM - Get Report) closed lower by 0.62% to $81.19 on Friday, after the company's stock was removed from the Analyst Focus List at JPMorgan. The firm maintained an "overweight" rating and $85 price target on the stock.

The Louisville, KY-based parent company of KFC, Pizza Hut and Taco Bell was replaced by Chipotle Mexican Grill (CMG) ahead of the planned spin-off of Yum! China.

"We advise investors to accumulate shares below ~$80 and are removing YUM from our Analyst Focus List," JPMorgan said in an analyst note released this...