Credit Suisse Upgrades Yum! Brands (YUM) to Neutral; China Spin-Off Pressure to Increase
- Wall Street closes higher as investors digest earnings, megacap outlook
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
Jefferies Cuts Price target on Yum! Brands (YUM) to $71 Following 3Q
October 8, 2015 9:21 AM EDTJefferies maintained a Hold rating on Yum! Brands (NYSE: YUM), and cut the price target to $71.00 (from $80.00), following the company's 3Q reports. 3Q CC provided color on China's SSS and profitability outlook. Jefferies continues to see challenges on returning China to its historical financial & growth... More
RBC Capital Cuts Price Target on Yum! Brands (YUM) Following 3Q Results
October 8, 2015 7:04 AM EDTRBC Capital maintained a Top Pick rating on Yum! Brands (NYSE: YUM), and cut the price target to $80.00 (from $103.00), following the company's 3Q results. The primary cause of RBC Capital's 20pp reduction in 2016e EPS is the major deceleration in China Pizza Hut sales... More