Yum! Brands downgraded to Underperform from Market Perform at Raymond James Raymond James downgraded Yum! Brands to Underperform citing the company's slowing sales in China. Note shares were also downgraded this morning at UBS.
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.