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How Did Yum! Brands React to BTIG’s Upgrade?

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.