Weekly Recap | YUM China -2.94%, consensus target above spot
Weekly Review·
- Yum China's stock fell 2.94 % this week to close at 42.32 USD, underperforming the S & P 500 by 2.14 percentage points amid light trading volume.
- Corporate activities centered on share buyback adjustments and Goldman Sachs recommending the stock despite weak consumer demand in China.
- Twenty-one institutions maintained a consensus strong buy rating with a target price of 61.915 USD, while upcoming US retail sales data will likely influence near-term market sentiment.