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Yum China raised at JPMorgan as 'fundamentals bottoming out'

By Yahoo! Finance   |   Nov 6, 2024 at 12:19 PM EST
Yum China raised at JPMorgan as 'fundamentals bottoming out'

JPMorgan upgraded Yum China Holdings Inc. to Overweight, raising price target to $60. Positive signs include operational efficiency, shareholder return plan, and market consolidation. Expecting improved margins and cash flow visibility.

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