RBC Capital Raises Price Target to Account for Yum! Brands (YUM) New Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Consumers Lovin' McDonald's (MCD) Breakfast Less as Competitors Enter Fray, Data Shows
October 21, 2015 6:49 AM EDTMcDonald's (NYSE: MCD) is on watch Wednesday following news that it might be losing ground in one of its key operating segments: breakfast.
According to the... More
Market Wrap: Splitsville for Yum! Brands; Tesla's 'Recommended' Rating Revoked; AmSurg Moves on Big Acquisition
October 20, 2015 5:31 PM EDTMarket wrap for October 20th
End of the Day: S&P 500 down 2.9 to 2,030.77; Dow Jones down 13.4 to 17,217.11; Nasdaq down 24.5 to 4,880.97
Market Brief: Yum! Brands is planning to split into two, separately-traded companies.
AmSurg made a robust proposal to acquire peer TeamHealth.
The Fresh Market affirmed speculation that it was evaluating strategic options.
Tesla shares were slammed as Consumer Reports pulled its recommendation to buy the Model S.
Crude prices rose 0.2 percent to $48.71 per barrel, while crude slipped 0.7 percent to $45.55 per... More
S&P Places Yum! Brands (YUM) on CreditWatch Negative Following Separation Plans
October 20, 2015 3:40 PM EDTStandard & Poor's Ratings Services placed its ratings, including the 'BBB' corporate credit rating, on Yum! Brands Inc. (NYSE: YUM) on CreditWatch with negative implications.
The CreditWatch placements follow Yums announcement that it plans to separate its China division into an independent publicly... More
Yum! Brands' (YUM) Sum-of-the-Parts Value is $74/Share, Says Deutsche Bank
October 20, 2015 10:05 AM EDTDeutsche Bank maintained a Hold rating on Yum! Brands (NYSE: YUM) with a price target of $76. Comments follow news Yum! plans to separate into two publicly traded companies. Analyst Karen Short thinks its sum-of-the-parts value is $74 per share. Both units were assigned a 12x EV/EBITDA multiple.
"Our sum-of-the-parts ("SoTP") values both YUM China and YUM ex. China at 12x for each division and this gets us to an SoTP valuation of $74/share. We assign no debt to China, and we add an incremental $9b in debt to the remaining business... More
Pre-Open Stock Movers 10/20: (ERII) (TMH) (SNDK) Higher; (RMBS) (HOG) (IBM) Lower (more...)
October 20, 2015 9:28 AM EDTEnergy Recovery (NASDAQ: ERII) 199.8% HIGHER; announced a 15-year deal with Schlumberger Technology Corporation, the world's leading supplier of geoscience, engineering, drilling, and data management software products and computing services for the exploration and production industry. The agreement provides exclusive rights to Energy Recovery's VorTeq hydraulic pumping system, the first hydraulic fracturing manifold ("missile") built to isolate hydraulic fracturing pumps from abrasive proppants that cause pump failure.
... MoreYum! Brands (YUM) China Separation Seen as 'Positive Event' - RBC Capital
October 20, 2015 8:19 AM EDTRBC Capital analyst David Palmer provided some initial thoughts on Yum! Brands (NYSE: YUM) after the company announced plans to split itself into two separate and publicly-traded entities: 1) Yum China, and 2) Yum Brands. While in-line with expectations, the analyst views the move as... More
Yum Brands to separate China unit amid activist pressure
October 20, 2015 7:10 AM EDTBy Lisa Baertlein and Sruthi Ramakrishnan
(Reuters) - KFC owner Yum Brands Inc (NYSE: YUM) said it plans to spin off its dominant China business, which has been besieged by food scandals and marketing missteps, amid pressure from an activist shareholder who recently joined its board of directors.
Shares of the parent company of the KFC, Pizza Hut and Taco Bell chains rose about 5 percent to $75.22 in early trading, before retreating to $73.55 in the afternoon.
Yum's move on Tuesday is the latest sign of activist hedge funds' strengthening grip over Corporate America.
... MoreYum! Brands (YUM) to Separate Into Two Publicly Traded Companies
October 20, 2015 7:02 AM EDT
Yum! Brands, Inc. (NYSE: YUM) today announced that it intends to separate into two independent, publicly-traded companies, each with compelling and distinct strategies and investment characteristics. The transaction will create two powerful, best-in-class companies, each with a separate strategic... More
