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<Research>M Stanley Slightly Drops Yum China (YUMC.US) TP to US$61 as It Carrying on with Current Strategy
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YUM CHINA (09987.HK) remains consistent in pursuing traffic growth, Morgan Stanley issued a research report saying. While the 2Q24 YoY comparative data will remain challenging, the Company will continue to implement its current strategy of utilizing its rich product mix and marketing campaigns while focusing on cost-consciousness to drive holistic growth. Morgan Stanley slightly dropped its target price on Yum China Holdings, Inc. (YUMC.US) from US$62 to US$61, with rating at Overweight, estimating that the Company's 2024 revenue/ EPS will grow by 9%/ 12%. It is forecasted that 2Q24 revenue will grow by 7% YoY, and EPS will rise by 5%. AAStocks Financial News |
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