Jefferies Cuts Price target on Yum! Brands (YUM) to $71 Following 3Q

RBC Capital Cuts Price Target on Yum! Brands (YUM) Following 3Q Results

RBC 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

Credit Suisse Upgrades Yum! Brands (YUM) to Neutral; China Spin-Off Pressure to Increase

Credit Suisse upgraded Yum! Brands (NYSE: YUM) from Underperform to Neutral with a price target of $75.00 (from $86.00) as expectations have been reset and the pressure to spin-off China will increase.

Analyst J West commented, "The tone of YUM's conf. call, as well as our conversations with investors,... More

Market Wrap: SABMiller Rejects Richer ABI Bid; Twitter Gains Notable Investor; GoPro Hit on Price Target Cut

Market wrap for October 7th

End of the Day: S&P 500 up 15.9 to 1,995.83; Dow Jones up 122.1 to 16,912.29; Nasdaq up 42.8 to 4,791.15

Market Brief: U.S. markets rose Wednesday following a pullback on Tuesday amid a receent rally, led by gains in the healthcare segment. Moves today come ahead of Alcoa's earnings Q3 report on Thursday night, which generally known as the unofficial kickoff to an eanings season.

Mortgage applications saw a sharp week-over-week increase last... More

Unusual 11 Mid-Day Movers 10/7: (EVOK) (PACB) (PVA) Higher; (AXPW) (NUS) (CTRV) Lower

Axion Power (Nasdaq: AXPW) 33.4% LOWER; On August 17, 2015, Axion Power reported that it had extended the exclusivity period under its Binding Letter of Intent with LCB International, Inc., dated as of June 13, 2015, until September 13, 2015. The exclusivity period expired with no further extension although the Company has continued to negotiate in good faith with regard to reaching a comprehensive set of agreements as contemplated under the Binding Letter of Intent. Unfortunately, despite the Companys continued efforts, LCB has indicated an unwillingness to move forward with any deal structure that contemplates... More

Yum's China missteps amplify calls for spinoff, other change

By Lisa Baertlein

LOS ANGELES (Reuters) - Yum Brands Inc's (NYSE: YUM) disappointing results from restaurants in China including KFC and Pizza Hut add pressure on Chief Executive Greg Creed to make swift changes to the business that is its main driver of sales and profit, analysts said on Wednesday.

Yum shares sank as much as 19.3 percent on Wednesday, a day after the company shocked investors by cutting its forecasts due to weakness in China. While China's economy is cooling, Yum management also blamed internal missteps at its upscale Pizza Hut Casual... More

Yum! Brands (YUM) said it is testing Taco Bell delivery in the U.S. - Conf. Call

Yum! Brands (NYSE: YUM) said it is testing Taco Bell delivery in the U.S., according to the company's conference call.

Yum! Brands (YUM) Investors Likely Disappointed in China Comps; Longer Recovery Timeframe Seen - BTiG

BTIG affirms Yum! Brands (NYSE: YUM) with a Neutral rating following Q3 results issued Tuesday night.

Analyst Peter Saleh commented, We believe investors will be severely disappointed by the China comp results and outlook given previous expectations for a sales... More

World stocks rise, biotechs rebound; oil snaps three-day rally

By Caroline Valetkevitch

NEW YORK (Reuters) - World stock indexes rose on Wednesday with a rebound in biotechnology shares boosting U.S. equities, while oil prices snapped a three-day rally after U.S. data showed a large inventory build.

The S&P 500 hit its highest in three weeks, but concern about corporate earnings just ahead of the U.S. third-quarter reporting season kept trading choppy. Reduced profit forecasts from Adobe Systems (NASDAQ: ADBE) and Yum Brands (NYSE: YUM) late Tuesday added to gloom about the earnings... More

Market Wrap: IMF Cuts FY15, FY16 Global Growth Outlook; Pepsi 'Pops' on Q3 Results; Yum! Q3 China Comps Miss

Market wrap for October 6th

End of the Day: S&P 500 down 7.1 to 1,979.92; Dow Jones up 13.8 to 16,790.19; Nasdaq down 32.9 to 4,748.36

Market Brief: U.S. markets mostly pared some gains following a several-session streak, led by weakness out of the healthcare sector.

The IMF cut its global growth outlook for 2015 and 2016 by about 0.2 percentage points apiece.

Adobe issued light FY16 guidance after markets closed, sending the stock lower.

Skyworks and PMC-Sierra announced a late-Monday merger deal.

AmerisourceBergen moved to acquire PharMEDium... More

After-Hours Stock Movers 10/06: (ADXS) (YUM) (ADBE) Lower (more...)

Advaxis (NASDAQ: ADXS) 24.8% LOWER; announced that last Thursday the company received verbal notice from the U.S. Food and Drug Administration (FDA) that its Investigational New Drug (IND) application for axalimogene filolisbac (formerly ADXS-HPV) has been placed on clinical hold, affecting four clinical trials.

Yum! Brands (NYSE: YUM) 18.4% LOWER; reported Q3 EPS of $1.00, $0.07 worse than... More

Yum! Brands (YUM) Raises Quarterly Dividend 12.2% to $0.46; 2.2% Yield

Yum! Brands (NYSE: YUM) declared a quarterly dividend of $0.46 per share, or $1.84 annualized. This is a 12.2% increase from the prior dividend of $0.41.

The dividend will be payable on February 11, 2010, to stockholders of record on October 16, 2015, with an ex-dividend date of October 14,... More

Yum! Brands (YUM) Slammed 18% on Miss, Cut Outlook

Yum! Brands (NYSE: YUM) is immediately trading down 18% following its earnings miss and lower outlook.

Yum! Brands (YUM) Misses Q3 EPS by 7c; Cuts FY15 EPS Growth Outlook

Yum! Brands (NYSE: YUM) reported Q3 EPS of $1.00, $0.07 worse than the analyst estimate of $1.07. Revenue for the quarter came in at $3.43 billion versus the consensus estimate of $3.68 billion.

Worldwide system sales grew 6%. Worldwide restaurant margin increased 3.3 percentage points to 18.2%, and worldwide operating profit increased 23%.

China comps rose 2.6 percent, versus 9.6 percent growth expected.

FULL-YEAR CHINA SALES AND EPS UPDATE

While it remains difficult to forecast China sales, we are now estimating full-year same-store sales to be low-single-digit negative. For the fourth quarter, this assumes mid-single-digit same-store... More

Wall Street dips as third-quarter earnings season kicks off

By Noel Randewich

(Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings.

A surge in DuPont's (NYSE: DD) stock helped keep the Dow Jones industrial average in positive territory but the S&P 500 and Nasdaq lost ground, with a sharp drop in biotech stocks.

The S&P health index lost 2.33 percent, the worst performer among the ten major S&P sectors. The sector has been under intense scrutiny over high drug... More