Yum! Brands price target raised to $160 from $148 at Barclays

Barclays raised the firm’s price target on Yum! Brands to $160 from $148 and keeps an Overweight rating on the shares. The company’s Q2 was mixed, with a modest comp shortfall more than offset by EBITDA upside, the analyst tells investors in a research note. The firm says Yum’s incremental value offers and easier compares will continue to benefit 2024 comps.