Yum Brands (YUM) gently falls back into favor with a number of Wall Street firms as devastating...

|By:, SA News Editor

Yum Brands (YUM) gently falls back into favor with a number of Wall Street firms as devastating sales losses in China seem to have bottomed out. Bank of America ups its price target to $80 from $70, while Oppenheimer and Bernstein both take the long view by saying shares will need time to rebound in full. The 6.4% premarket jump in YUM shares is mainly short covering, according to Raymond James.