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Fly News Breaks for July 1, 2015
YUM
Jul 1, 2015 | 07:36 EDT
UBS noted the recovery in China for Yum! Brands is underway and the firm sees meaningful value creation opportunity in a potential spin-off of the China business. The firm said such a move would isolate risks and create an attractive large cap global franchisor. The company's leverage opportunity could represent upside of greater than 30%, the firm believes. UBS reiterated its Buy rating and raised its price target to $116 from $100 on Yum! shares.
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