Yum! Brands price target raised to $148 from $147 at BofA

BofA raised the firm’s price target on Yum! Brands to $148 from $147 and keeps a Neutral rating on the shares. The firm is lowering its FY24 EPS view to reflect the Q1 miss and flowing through lower same-store sale growth in FY24 moves its FY25 EPS estimate to $5.91 from $6.00 previously, while rolling forward its estimates one quarter, the analyst tells investors in a post-earnings note.