Yum China price target raised to $79.20 from $77.90 at HSBC

HSBC raised the firm’s price target on Yum China to $79.20 from $77.90 and keeps a Buy rating on the shares. The analyst fine-tuned estimates following Yum China’s newly announced three-year plan at its investor day. The firm says the $3B pledged shareholder return was the biggest surprise and the upside to earnings “appears limited for now.”