Morgan Stanley: Yum China's Growth Momentum Continues in Q3, Maintains Overweight Rating

Stock News07-31

Morgan Stanley has released a report indicating that Yum China Holdings, Inc. (NYSE: YUMC) achieved positive same-store sales growth targets in the third quarter. Its July performance met the company's expectations, with accelerated store expansion unlocking greater growth potential.

The investment bank reiterated its "Overweight" rating on Yum China Holdings, Inc. US-listed shares, maintaining a price target of $60 and designating it as a top pick. Morgan Stanley has adjusted its earnings forecasts for 2026 through 2028 by up to 1% to reflect a faster store opening pace, which does not yet account for the potential impact of the Pizza Hut acquisition.

Morgan Stanley views the current valuation as attractive, forecasting a compound annual growth rate of 10% for operating profit and 15% for earnings per share between 2025 and 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1135599365?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-31 15:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1135599365","market":"hk","top_or_hot":-1,"title":"Morgan Stanley: Yum China's Growth Momentum Continues in Q3, Maintains Overweight Rating","media":"Stock News","content":"<p>Morgan Stanley has released a report indicating that <b>Yum China Holdings, Inc.</b> (NYSE: <b>YUMC</b>) achieved positive same-store sales growth targets in the third quarter. Its July performance met the company's expectations, with accelerated store expansion unlocking greater growth potential.<br><br>The investment bank reiterated its \"Overweight\" rating on <b>Yum China Holdings, Inc.</b> US-listed shares, maintaining a price target of $60 and designating it as a top pick. Morgan Stanley has adjusted its earnings forecasts for 2026 through 2028 by up to 1% to reflect a faster store opening pace, which does not yet account for the potential impact of the Pizza Hut acquisition.<br><br>Morgan Stanley views the current valuation as attractive, forecasting a compound annual growth rate of 10% for operating profit and 15% for earnings per share between 2025 and 2027.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley: Yum China's Growth Momentum Continues in Q3, Maintains Overweight Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley: Yum China's Growth Momentum Continues in Q3, Maintains Overweight Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-07-31 15:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Morgan Stanley has released a report indicating that <b>Yum China Holdings, Inc.</b> (NYSE: <b>YUMC</b>) achieved positive same-store sales growth targets in the third quarter. Its July performance met the company's expectations, with accelerated store expansion unlocking greater growth potential.<br><br>The investment bank reiterated its \"Overweight\" rating on <b>Yum China Holdings, Inc.</b> US-listed shares, maintaining a price target of $60 and designating it as a top pick. Morgan Stanley has adjusted its earnings forecasts for 2026 through 2028 by up to 1% to reflect a faster store opening pace, which does not yet account for the potential impact of the Pizza Hut acquisition.<br><br>Morgan Stanley views the current valuation as attractive, forecasting a compound annual growth rate of 10% for operating profit and 15% for earnings per share between 2025 and 2027.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823426308.USD","symbol_name":"法巴中国股票基金","start_time":0,"source_url":"","article_id":"1135599365","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135599365","pubTimestamp":1785481226,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Morgan Stanley has released a report indicating that Yum China Holdings, Inc. (NYSE: YUMC) achieved positive same-store sales growth targets in the third quarter. Its July performance met the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0823426308.USD":"法巴中国股票基金","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","IE0003895053.USD":"PINEBRIDGE ASIA DYNAMIC ASSET ALLOCATION \"AD\" USD  ACC","LU0359201612.USD":"贝莱德中国基金A2","LU0228659784.USD":"施罗德金砖四国基金","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU0594300419.USD":"富达中国消费基金A","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","BK4531":"中概回港概念","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU2279701549.SGD":"JPMorgan Funds - Emerging Markets Sustainable Equity A (acc) SGD","LU2008162690.USD":"FIDELITY FUNDS - ASIA PACIFIC OPPORTUNITIES \"A\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU2177674079.SGD":"Fidelity Asia Pacific Opportunities A-ACC-SGD (hedged)","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","BK4504":"桥水持仓","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK4209":"餐馆","BK4588":"碎股","09987":"百胜中国","YUMC":"百胜中国","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","BK1233":"餐馆","LU0823426480.USD":"法巴中国股票经典Dis","BK1588":"回港中概股"},"translate_title":"摩根士丹利：百胜中国第三季度增长势头持续，维持跑赢大盘评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09987":1,"YUMC":1},"content_text":"Morgan Stanley has released a report indicating that Yum China Holdings, Inc. (NYSE: YUMC) achieved positive same-store sales growth targets in the third quarter. Its July performance met the company's expectations, with accelerated store expansion unlocking greater growth potential.The investment bank reiterated its \"Overweight\" rating on Yum China Holdings, Inc. US-listed shares, maintaining a price target of $60 and designating it as a top pick. Morgan Stanley has adjusted its earnings forecasts for 2026 through 2028 by up to 1% to reflect a faster store opening pace, which does not yet account for the potential impact of the Pizza Hut acquisition.Morgan Stanley views the current valuation as attractive, forecasting a compound annual growth rate of 10% for operating profit and 15% for earnings per share between 2025 and 2027.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.0","shortVersion":"4.47.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135599365","isCrawlerRequest":true}