Yum China Reports Third Quarter Results
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JPMorgan Upgrades Yum China Holdings (YUMC) to Overweight
November 5, 2024 4:14 PM ESTJPMorgan analyst Kevin Yin upgraded Yum China Holdings (NYSE: YUMC) from Neutral to Overweight with a price target of $60.00 (from $35.50).
The analyst comments "Consumption sentiment in China has been deteriorating since the May Golden Week Holiday. This has led to lower industry margin and exit of small players, and hence rationalized competition. As a result,... More
Yum China Holdings (YUMC) PT Raised to $57.50 at BofA Securities
November 4, 2024 12:18 PM ESTBofA Securities analyst Chen Luo raised the price target on Yum China Holdings (NYSE: YUMC) to $57.50 (from $49.00) while maintaining a Buy rating.
The analyst comments "3Q beat on margins, with revenue/OP/NPAT +5.4%/+14.9%/+21.7% YoY. We lift our above-consensus 2024/25E EPS 2%/3% and PO 17% to US$57.5/HK$446 (on higher... More
