This morning, Jefferies lowered its EPS estimates on shares of Yum! Brands (NYSE:YUM) through 2014 as the risk of market share declines are a possibility as more competitors enter their markets. In the report, Jefferies maintained its hold rating. Shares of Yum! Brands were lower by 0.2% today.
UBS lowered its price target on shares of Microsoft (NASDAQ:MSFT) to $37 as the company may see reduced margins over the upcoming quarters. In the report, UBS lowered its EPS estimates, but maintained its buy rating. Shares of Microsoft were higher, despite the report, climbing 0.3% so far.
And Argus downgraded shares of JC Penney (NYSE:JCP) as a share offering could dilute existing shareholders by as much as 40%. Shares of JCP were recovering today, higher by 2.2%, but trading near 52 week lows.
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