Yum! Brands downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Yum! Brands to Neutral citing valuation as it believes shares are already pricing in a China recovery through FY15. The firm raised its price target for shares to $80 from $77.
Yum! Brands volatility elevated into Q4 and outlook Yum! Brands February weekly call option implied volatility is at 86, February is at 44, March is at 34; compared to its 52-week range of 19 to 47, suggesting large near term price movement into the expected release of Q4 results today.