BofA analyst Chen Luo raised the firm’s price target on Yum China (YUMC) to $60.50 from $57.50 and keeps a Buy rating on the shares. The firm tweaked its same-store sales growth and margin estimates, leading to minimal changes to EPS forecasts, and also raised its target multiples in its blended valuation, driving the firm’s increased price target The firm expects a “solid” Q1 and sees limited impact from a likely moderate increase of Meituan’s take rate, the analyst tells investors in a preview.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on YUMC:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue