UPDATE: Credit Suisse Raises PT to $73 on Yum Brands

Credit Suisse reiterates its Outperform rating on Yum Brands (NYSE: YUM) and raises its price target by $9 to $73 on China upside and Taco Bell potential.

Credit Suisse says, "Still a core long-term holding, but maybe due for a near-term pause: YUMs early Dec analyst day and its focus on the following year's outlook means a tendency price the stock on 2012 expectations starting in late 2011 - ests adjusting to better reflect China comp upside and the potential for TB improvement contributed to the stock's 35% run since October. Given that, shares may pause until mid-year, when the focus moves to potential upside to 2013 numbers where we are at $3.84 versus consensus of $3.69."

YUM closed at $64.44 a share on Wednesday.