Yum! Brands price target raised to $160 from $149 at Citi

Citi analyst Jon Tower raised the firm’s price target on Yum! Brands to $160 from $149 and keeps a Buy rating on the shares ahead of the company’s investor day on December 13. A global footprint with "significant whitespace for growth regardless of the macro" and a growing slate of digital tools further strengthen Yum’s unit economics and position as the franchisor of choice in global growth markets, Tower tells investors in a research note.