Goldman Sachs: Raises Yum China (09987.HK) target price to HK$467, maintains "Buy" rating.

Zhito Finance APP has learned that Goldman Sachs issued a research report stating that it has raised the 12-month target price for Yum China (09987.HK) from HK$459 to HK$467, maintaining a "Buy" rating (Conviction List). The bank slightly raised its net profit forecasts for the company from 2026 to 2028 by about 1% to 2%, as a stronger RMB exchange rate assumption and accelerated expansion and franchise fee savings after the Pizza Hut brand acquisition are sufficient to offset the impact of a slower same-store sales outlook in the second half of the year and from 2027 to 2028.