Form 144 Yum China Holdings, Inc. Filed by: Yeung Andy

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Go back to Form 144 Yum China Holdings, Inc. Filed by: Yeung Andy

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