Yum! Brands risk/reward attractive after decline, says Bernstein After Yum! Brands reported higher than expected Q2 China comps, Bernstein thinks the company's results suggest that its traffic in China was weak. However, the firm believes that the company can meet its guidance for a 40% increase in China operating earnings, and it finds the stock's valuation favorable. The firm keeps a $99 price target and Outperform rating on the shares.
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.