Yum! Brands upgraded to Buy from Neutral at Goldman Goldman recommends buying Yum! Brands ahead of a potential turnaround in China. The firm believes the slowdown in China is cyclical and that stabilization will benefit its business going forward. Price target is $77.
McDonald's pressured by rising competition in China, WSJ says In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link