Haitong International: Lowers Yum China (09987.HK) target price to HK$379.6, maintains "Outperform" rating.

Zhito Finance APP has learned that Haitong International issued a research report stating that it has lowered Yum China's (09987.HK) 2027 price-to-earnings ratio from 18.5x to 15x, and reduced its target price from HK$430.3 to HK$379.6, while maintaining an "Outperform" rating. The bank expects that the company's same-store performance in the third quarter will come under pressure, mainly due to weather disruptions and weak consumption, but the stock price has already reflected recent operating pressure.