Investment Analysts’ Weekly Ratings Changes for McDonald’s (MCD)
McDonald’s (NYSE: MCD) was the recipient of a ratings changes during the seven days:
- McDonald’s had its “neutral” rating reaffirmed by analysts at Goldman Sachs.
- McDonald’s had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $95.00 price target on the stock.
- McDonald’s had its “neutral” rating reaffirmed by analysts at Cowen.
- McDonald’s had its price target raised by analysts at Credit Suisse to $100.00. They now have an “overweight” rating on the stock.
- McDonald’s had its price target raised by analysts at Piper Jaffray from $93.00 to $100.00. They now have an “overweight” rating on the stock. They wrote, “We are maintaining our Overweight rating and increasing our price target from $93 to $100 following the company’s recent analyst day events in Munich and Warsaw. In short, our time with management left us with a stronger appreciation of the European markets’ ability to double unit counts over time. At approximately half the size of the United States in unit terms currently, but growing approximately 5x faster, we’re incrementally more confident in the initiatives in place to sustain this growth. We have increased our expectations for new unit growth and upwardly revised our FY13 earnings estimates which also leads us to increase our price target to $100 based on 17x FY13E EPS (vs. 16x prior).”
McDonald’s traded down 0.27% on Wednesday, hitting $92.83. McDonald’s has a 52-week low of $83.74 and a 52-week high of $102.22. The company has a market cap of $93.613 billion and a price-to-earnings ratio of 17.49.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.