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YUMC

Yum China

08:34
07/18/17
07/18
08:34
07/18/17
08:34

Yum China appoints William Wang and Joey Wat to Board

Yum China Holdings announced the appointment of William Wang and Joey Wat to the Board of the Directors, effective immediately. The appointment will increase the size of the Board of Directors to 12 members, 9 of whom are independent. William is one of the founding partners of Primavera Capital Group. Prior to Primavera, William served as a Managing Director of Goldman Sachs Merchant Banking/Principal Investment Area. Joey Wat has served as the President and COO of Yum China since February 2017. She served as CEO, KFC from October 2016 to February 2017, a position she held at Yum! Restaurants China from August 2015 to October 2016. Wat joined Yum! Restaurants China in September 2014 as President of KFC China and was promoted to CEO for KFC China in August 2015.

YUMC Yum China

07/12/17
MSCO
07/12/17
NO CHANGE
Target $41
MSCO
Overweight
Morgan Stanley remains bullish on Yum China
Yum China analyst John Glass said he remains bullish on Yum China following the Q2 "exaggerated" selloff. The analyst said the shares were week due to strong share performance since the Q1 report, a mixed shareholder base, high comp expectations, and vague second half margin guidance. Glass remains optimistic and reiterated his Overweight rating and $41 price target on Yum China given expectations KFC comps can accelerate further in the second half, margin expansion, and said long-term margin goal of 17% appears conservative.
07/06/17
07/06/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Sector Perform from Outperform at RBC Capital with analyst Biraj Borkhataria saying Exxon's differentiated downstream positioning generates a significant portion of its free cash flow, but it is reflected in valuation. 2. O'Reilly Automotive (ORLY) downgraded to Neutral from Outperform at Credit Suisse and to Equal Weight from Overweight at Morgan Stanley. 3. Norfolk Southern (NSC) downgraded to Sector Perform from Outperform at Scotiabank. 4. Yum China (YUMC) downgraded to Hold from Buy at Deutsche Bank with analyst Anne Ling citing the company's second quarter results. 5. Tahoe Resources (TAHO) downgraded to Market Perform from Outperform at BMO Capital and to Hold from Buy at TD Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/17
DBAB
07/06/17
DOWNGRADE
Target $36.61
DBAB
Hold
Yum China downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Anne Ling downgraded Yum China to Hold with a $36.61 price target following the company's Q2 results.
07/06/17
OPCO
07/06/17
NO CHANGE
Target $43
OPCO
Outperform
Yum China price target raised to $43 from $35 at Oppenheimer
Oppenheimer analyst Brian Bittner raised his price target for Yum China to $43 from $35 as KFC comps boast "healthy momentum," management's overall margin targets appear conservative, model's robust free cash flow will add to net-cash optionality and valuation remains sub-10x EBITDA. The analyst reiterates an Outperform rating on the shares.

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