How Did Yum! Brands React to BTIG’s Upgrade?
After BTIG upgraded Yum! Brands (YUM) from “neutral” to “buy,” the stock price rose to $82.25 from the previous closing price of $80.01. However, there was a weakness in the broader equity market due to concerns about the Trump Administration limiting Chinese investments in US technology companies. As a result, Yum! Brands’ stock price fell and closed at $78.87—a fall of 1.4% from the previous day’s closing price.