Yum! Brands upgraded to Outperform from Neutral at RW Baird RW Baird upgraded Yum! Brands citing an attractive risk/reward following the recent underperformance of shares. Baird expects Yum! to report positive quarterly numbers in 2014 as the China business recovers and raised its price target for shares to $87 from $79.
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.