BofA lowered price targets for Yum China, noting its market dominance in China and the influence of subsidies from Meituan and Alibaba.

1 report, 1 independent Updated Jul 10

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Yum China China

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Part of

Yum! Brands owns KFC, Taco Bell, and Pizza Hut, with China being the largest market for KFC.

Also in this story

A major corporate divestiture is underway, concentrating Yum! Brands' focus on KFC and Taco Bell, with Taco Bell identified as the primary U.S. growth engine.Aug 27

All 3 developments

Within Yum! Brands owns KFC, Taco Bell, and Pizza Hut, with China being the largest market for KFC.

The entities involved

Yum China
Chinese fast-food restaurant chain
- Pizza Hut operations were sold to a private equity firm, and Mainland China operations were sold to Yum China Holdings.Mon 04:48
- The company sold the Mainland China operations of Pizza Hut in a separate transaction for an aggregate of $2.7 billion. Chris Turner was appointed CEO of Yum! Brands.Mon 04:17
China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
- The European Central Bank is forced to raise interest rates due to energy price shocks from the Iran war and an influx of Chinese exports.Mon 17:49
- The Middle Corridor, linking Central Asia and Europe, is gaining significance in regional trade and energy routes.Mon 17:06

Coverage

Newest first; wire copies grouped

Jul 10Insider MonkeyBofA Lowers Yum China (YUMC) PT, Keeps Buy Rating Yum China Holdings, Inc. (NYSE:YUMC) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On July 7, BofA Securities reduced i