Yum! Brands price target raised to $153 from $143 at BofA

BofA raised the firm’s price target on Yum! Brands (YUM) to $153 from $143 and keeps a Neutral rating on the shares. The Q4 same-store sales growth beat was “modest,” but the market was “likely girding for a miss” given prior quarters’ topline weakness, the analyst tells investors. Applying a higher multiple to a rolled forward EPS estimate 12 months from now of $6.62 drives the firm’s raised target, the analyst explained.