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

Stifel analyst Chris O’Cull raised the firm’s price target on Yum! Brands (YUM) to $160 from $148 and keeps a Hold rating on the shares following the company’s 10-Q filing. The firm’s projections incorporate the acquisition of 128 Taco Bell units in Q4, as well as continued SRS momentum at TB based on our review of mobile location data. The benefit was offset primarily by higher G&A and interest expense, Stifel adds.