Yum! Brands price target raised to $178 from $173 at BofA

Core Viewpoint - Bank of America has raised the price target for Yum! Brands (YUM) to $178 from $173 while maintaining a Neutral rating on the shares [1] Financial Estimates - Following the Q4 results, the firm's estimates have been slightly adjusted downwards due to higher expenses associated with Pizza Hut [1] - Despite the downward adjustment in estimates, the price target has increased slightly due to market multiple expansion [1]