Yum! Brands recommended on current weakness at Stifel Stifel would be aggressive buyers of Yum! Brands on current weakness. The firm said some investors maybe confused after the call related to the China business as the 'tone' did not resonate positively. Stifel said management did give updated 2H China store-level guidance that was +10% to +15% above prior Street expectations. Stifel rates shares a Buy with $110 price target.
Yum! Brands expects to open 600 new units in China in 2015 The company said breakfast is an underdeveloped part in China and expects the recent menu revamps to help. Says premium coffee is driving sales and profit in China. The company added that Pizza Hut in China has a "long runway for growth."