Yum! Brands price target raised to $166 from $164 at Citi

Citi raised the firm’s price target on Yum! Brands to $166 from $164 and keeps a Buy rating on the shares post the Q4 report. The company’s unit growth was strong, and at least in 2024, Yum appears to be bending the arch of corporate spend, the analyst tells investors in a research note. When coupled with a compelling valuation, the reaffirmation of long-term guidance “should set shares on the path of narrowing the valuation gap vs. global peers,” says Citi.