News Snapshot:
Zacks Investment Research cut shares of Yum China (NYSE:YUMC) from a buy rating to a hold rating in a research note published on Friday, Zacks.com reports. Zacks Investment Research currently has $55.00 price objective on the stock. According to Zacks, “Shares of Yum China have outperformed the industry so far this year. The company reported second-quarter 2020 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Notably, the company has been benefiting from continual menu innovation and digitalization efforts. With digital orders increasing sharply, it is gradually shifting toward digital and content marketing to expand customer base. Moreover,...
