UPDATE: Goldman Sachs Lowers McDonald's PT

According to a research report published earlier today, Goldman Sachs has lowered McDonald's

PT from $114 to $110. In the report, Goldman Sachs commented, “We remove shares of MCD from the Americas Conviction List as we see more attractive opportunities elsewhere. Furthermore, there is little visibility towards near-term catalysts. We do, however, maintain our Buy rating on the shares as MCD is executing extremely well and we expect ongoing share gains to continue. Since their addition to the Conviction Buy List on August 8, 2011, MCD shares are +20% vs. +27% for the S&P 500. In the last twelve months, MCD shares are up 29% vs. +7% for the S&P.” Goldman Sachs maintains its Buy rating on McDonald's, which closed yesterday at $98.10.