Yum! Brands downgraded to Neutral from Buy at UBS UBS downgraded Yum! Brands citing a deceleration of same store sales in China and valuation. The firm lowered its price target for shares to $73 from $84.
Yum! Brands authorizes up to $1B in share repurchases Yum! Brands board authorized the company to repurchase up to $1B in additional shares of common stock. The $1B in additional share repurchases of the company’s outstanding common stock is authorized through May 31, 2016.