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Citic Securities Sticks to Their Buy Rating for Yum China Holdings (YUMC)

Tipranks - Tipranks - Fri Jun 19, 7:27PM CDT

In a report released on June 17, from Citic Securities maintained a Buy rating on Yum China Holdings, with a price target of HK$460.00. The company’s shares closed yesterday at $43.28.

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Yum China Holdings has an analyst consensus of Strong Buy, with a price target consensus of HK$474.11, representing a 995.44% upside. In a report released on June 17, DBS also maintained a Buy rating on the stock with a HK$486.00 price target.

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Based on Yum China Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.27 billion and a net profit of $309 million. In comparison, last year the company earned a revenue of $2.98 billion and had a net profit of $292 million

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