date:Jul 22, 2014
ed.
Yum shares fell 4.2 percent to close at $74.13 and McDonald's shares lost 1.5 percent to $97.55.
Although the issue is being addressed, we would not rule out the possibility of temporary sales disruptions, Baird analyst David Tarantino said in a research note lowering his target price on the company.
The Shanghai Municipal Food and Drug Administration shut Husi down on Sunday after the local Chinese TV broadcast aired. In addition to the meat safety violations, the program showed workers