- Yum! Brands Inc (NYSE:YUM) said a cyber attack has led to the shutdown of about 300 restaurants in the United Kingdom for a day.
- The ransomware attack affected the information technology system of the company.
- YUM has initiated response protocols, including deploying containment measures such as taking certain systems offline and implementing enhanced monitoring technology.
- The Taco Bell parent denied any evidence of tampering with customer databases.
- The company also initiated an investigation, engaged the services of cybersecurity and forensics professionals, and notified Federal law enforcement.
- YUM does not expect this event to have a material adverse impact on its business, operations, or financial results.
- Price Action: YUM shares are trading lower by 0.45% at $128.14 on the last check Thursday.
- Photo Via Company
Barclays Maintains Underweight on 3M, Lowers Price Target to $143
Barclays analyst Julian Mitchell maintains 3M (NYSE:MMM) with a Underweight and lowers the price target from $146 to $143.
