The Louisville, KY-based restaurant company owns KFC and Pizza Put.
The increased price target follows reports indicating a potential sale of the company's China stake.
"Recent press reports (WSJ, Reuters) have indicated YUM is in talks with multiple bidders on a potential sale of a 19.9% stake in YUM China for about $2 billion, which would value the China biz at about $10 billion...YUM has not confirmed these discussions," Credit Suisse said in an analyst note.
The firm views these press reports as an "incremental positive" because: quoted valuation is modestly above Credit Suisse's estimates, these bids provide a vote of confidence around the long-term potential of the company's China business, the stake sale potentially brings in an outside party with operational expertise and the valuation parameters could help "raise the floor" under Yum's stock price.
Shares of Yum closed lower by 1.49% to $79.35 on Friday.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
This is driven by a number of strengths, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered.
The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: YUM