Wells Fargo raised the firm’s price target on Yum! Brands (YUM) to $145 from $133 and keeps an Equal Weight rating on the shares. The firm says Thursday’s “squeeze makes sense.” Q4 comps/EPS beat, international headwinds eased and Taco Bell reaccelerated and EBIT +30bps year-over-year. But underwriting 8%+ EBIT growth in 2025 isn’t a slam dunk, unit risks remain and G&A doesn’t appear a 2025 upside lever, Wells adds.
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