Yum! Brands weakness a buying opportunity, says UBS UBS said the weakness in Yum! Brands following its mixed Q2 results is an overreaction and has presented a buying opportunity. The firm believes the China story remains intact and the confusion related to traffic and product mix could lead to upside. UBS has a Buy rating with a $90 price target on the stock.
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.