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 volatility increases into Q1 and outlook Yum! Brands April call option implied volatility is at 37, April weekly is at 41, May is at 28; compared to its 26-week average of 22 according to Track Data, suggesting large price movement into the expected release of Q1 results on April 22.