Yum! Brands price target lowered to $77 from $82 at RBC Capital RBC Capital reduced its target on Yum!, citing slowing same-store sales in China. The firm, however, adds that buying Yum! on weakness in China has usually worked in the past, and it maintains an Outperform rating on the stock.
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.