Form 8-K Yum China Holdings, Inc. For: Nov 04

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Go back to Form 8-K Yum China Holdings, Inc. For: Nov 04

JPMorgan Upgrades Yum China Holdings (YUMC) to Overweight

November 5, 2024 4:14 PM EST

JPMorgan 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 EST

BofA 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