Piper Jaffray Maintains McDonald's Overweight, $95 PT

Piper Jaffray maintained its McDonald's MCD Overweight rating and $95 price target in a research report published today. In the report, Piper Jaffray stated, "McDonald's reported positive May results in the U.S. segment, albeit a touch lighter than expected. Separately, results were mixed vs. expectations in the European and APMEA segments. "Relatively" strong fundamentals lead us to still be buyers opportunistically." Shares of McDonald's were trading at $86.90 at the time of posting, down 1.67% from Thursday's market close.