Why There's Plenty Of Upside Left In Yum! Brands

Yum! Brands, Inc. (NYSE: YUM) price target was raised from $80.00 to $81.00 by JPMorgan on Friday.

In a research note, analysts wrote they expect upside for Yum after attending its analyst meeting in Dallas. JPMorgan indicated a high level of reaction for investors on Friday, expressing the belief that the stock will remain an active-add Overweight.

Yum was down as much as 4 percent on Thursday, but closed down 0.8 percent.

The restaurant company has a current valuation of $31.56 billion. The stock is now trading at 23.68 percent below its 52-week-high and 10.31 percent above its 52-week-low. The stock price has outperformed the S&P 500 by 1.1 percent.

Competitive Plans In Store?

Following Yum Brand's investor day, Yum CEO Greg Creed said in a phone interview with ABC News on Thursday that he believes that convenience trumps quality.

Creed shared insight that "easy beats better" will help Yum energize its three fast-food chains, including KFC and Taco Bell. In the interview, Creed also mentioned Uber's model, and referenced drive-through waits to pushing into areas like catering, delivery and mobile ordering.

J.P. Morgan currently has an "overweight" rating on the company's operator's stock. The firm's price target suggests a potential upside of 10.67 percent from Yum's current price.