Yum! Brands price target raised to $150 from $140 at Piper Sandler

Piper Sandler analyst Brian Mullan raised the firm’s price target on Yum! Brands (YUM) to $150 from $140 and keeps a Neutral rating on the shares. The firm’s 2025 and 2026 adjusted EPS and EBITDA estimates are also revised higher, predominantly as a result of an increase to its Taco Bell same-store sales estimates; and in addition, Piper increases its International same-store sales estimates at KFC International and Pizza Hut International.