Yum! Brands price target raised to $157 from $155 at Piper Sandler

Piper Sandler analyst Brian Mullan raised the firm’s price target on Yum! Brands (YUM) to $157 from $155 and keeps a Neutral rating on the shares. The firm thinks there are a range of opinions in the investment community around whether KFC U.S. and Pizza Hut U.S. really mean much to Yum! or not, from a stock perspective. With “a clear-eyed acknowledgment” that these issues haven’t “mattered” much in the past, the firm believes that if current trends continue unabated, it could start to “matter” from a stock perspective.