Yum! Brands upgraded to Buy from Neutral at Goldman Goldman recommends buying Yum! Brands ahead of a potential turnaround in China. The firm believes the slowdown in China is cyclical and that stabilization will benefit its business going forward. Price target is $77.
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.