Yum! Brands price target lowered to $78 from $90 at Deutsche Bank Deutsche Bank lowered its price target for Yum! Brands to $78 after the company disclosed a "significant negative impact to same store sales" in China due to the latest China food supplier issue. Deutsche cut its estimates believes the stock is already reflecting a significant hit to the China business. It keeps a Buy rating on Yum!.
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.