Yum! Brands price target raised to $100 from $89 at Oppenheimer Oppenheimer increased its price target on Yum!, citing upcoming positive earnings catalysts, the likelihood of a multiple increase as appreciation for strengthening sales rises, and the transition of valuation to 2015 estimates. The firm thinks there is little risk that the company's earnings will miss expectations and it reiterates an Outperform rating.
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.