Yum Brands shares deserve better premium-Barron's

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NEW YORK | Sun Oct 4, 2009 10:00pm EDT

NEW YORK Oct 4 (Reuters) - Yum Brands (YUM.N) shares should trade at a premium to their peer group and could climb nearly 25 percent, a Credit Suisse analyst told Barron's.

The fast-food company's shares have pulled back 10 percent since June to $33.15. But in the Oct. 5 edition of Barron's, Credit Suisse analyst Keith Siegner said Yum's shares deserve better because of the company's international footprint and ongoing reallocation of capital.

Siegner said if Yum's shares traded at 17 times earnings rather than 14.1 times earnings, their value would be around $41. (Reporting by Michael Erman; Editing by Jan Paschal)

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