Oppenheimer analyst Brian Bittner raised his price target for Yum! Brands (YUM) to $100 from $95 ahead of Investor Day. With its post-spin transformation complete, the analyst's work suggests Yum! Brands is well-positioned to deliver 2019 EPS guidance that supports its original $3.75-plus target, communicate a healthy long-term financial algorithm including high-single-digit EBIT and low double-digit EPS, and return up to $2B to shareholders' annually or potentially pursue a strategic acquisition such as Wendy's (WEN). Bittner reiterates an Outperform rating on the shares.