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Baird upgrades Yum on valuation and improving Chinese business

Yum! Brands, Inc. (NYSE:YUM) shares were upgraded from neutral to outperform by the investment firm Robert W. Baird. According to Baird, Yum’s Chinese operations are showing signs of recovery, which will help the overall company report positive earnings in 2014. The price was increased by $8 to $87 a share. In addition, over the past month shares have advanced nearly 7 percent. It seems like the moment is right for a Yum comeback.