The Fly

Yum China downgraded to Hold at Jefferies following recent rally

Jefferies analyst Anne Ling downgraded Yum China to Hold from Buy with a price target of $64, up from $57, ahead of the company announcing Q4 results on February 8. The firm continues to like Yum China as "the leading player in the QSR space" in China, but sees limited upside to its revised price target following the recent rally in the share price.

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