Close

Yum! Brands (YUM) Approves $2B Stock Buyback Plan

Go back to Yum! Brands (YUM) Approves $2B Stock Buyback Plan

Jefferies Cuts Price Target on Yum! Brands (YUM) Following China Spin-Off

November 21, 2016 7:52 AM EST

Jefferies maintained a Hold rating on Yum! Brands (NYSE: YUM), and cut the price target to $60.00 (from $85.00), following the company's split from China. The next potential catalyst for YUM will be around further re-franchising as it looks to get from ~93% to ~98%... More