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Yum! Brands (YUM) Stock Reverses Losses, Analysts Remain Hopeful

NEW YORK (TheStreet) -- Yum! Brands (YUM - Get Report) stock is advancing 4.09% to $70.21 in heavy trading volume on Friday, reversing a slide that continued after the restaurant chain reported its weak third quarter fiscal 2015 earnings on Tuesday.

Yum! Brands reported earnings of $1 per share on revenue of $3.43 billion for the most recent quarter.

Analysts had forecasted the company to report earnings of $1.07 a share on revenue of $3.67 billion.

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However, shares are rallying today after JPMorgan issued a note saying that if its China operation becomes independent, this would be largely beneficial for the company, Barron' reports.

While the firm cut its price target to $87 from $103, analysts said the stock has potential despite its immediate risks.

More than 8.47 million shares had changed hands as of 3:47 p.m., above its average trading volume of about 4.9 million shares.

Separately, TheStreet Ratings team rates YUM BRANDS INC as a Buy with a...