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Fly News Breaks for September 9, 2015
YUM
Sep 9, 2015 | 07:51 EDT
UBS said the China recovery for Yum! Brands is progressing, although they recognize the potential for macro volatility to impact the sales recovery. The firm views any weakness as a buying opportunity given margin-driven upside to consensus China profit estimates, low Chinese same-store sales expectations, and the potential for strategic optionality. UBS reiterated its Buy rating and $116 price target on Yum! Brands shares.
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