Yum China (YUMC) October volatility elevated into Q3 and outlook

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Yum China Holdings (YUMC) PT Raised to $45.10 at BofA/Merrill Lynch Following 3Q

October 6, 2017 9:21 AM EDT

BofA/Merrill Lynch raised its price target on Yum China Holdings (NYSE: YUMC) to $45.10 (from $41.60) while maintaining a Neutral rating following the company's 3Q report. Revenue/system sales were +8%/+10%.

In BofA/Merrill Lynch's view, YUMCs strategy to focus on digital, delivery and... More