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.
McDonald's pressured by rising competition in China, WSJ says In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link