Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on McDonald's Corporation

Share:
Related MCD
Burgers Up: The Redhead, Clown And King Face Off In This Citi Showdown
The Most Consistent Dividend Payers
Put Yourself Through The Dividend Growth X-Ray Machine (Seeking Alpha)

In a report published Monday, Deutsche Bank reiterated its Buy rating on McDonald's Corporation (NYSE: MCD), but lowered its price target from $100.00 to $97.00.

Deutsche Bank noted, “While MCD's 2012 results have been much weaker than we thought likely, we are sticking with our Buy rating as the cash-stable franchised business and 3.5% div. yld. suggest limited downside from here. Further, if MCD's trends are an indicator as to the overall state of consumer spending globally, this stock may increasingly be viewed as a good place to hide. Lowering ests. and PT. Maintain Buy.”

McDonald's Corporation closed on Friday at $88.72.

Latest Ratings for MCD

DateFirmActionFromTo
Sep 2016CitigroupMaintainsNeutral
Aug 2016BairdUpgradesNeutralOutperform
Aug 2016Canaccord GenuityInitiates Coverage onHold

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (MCD)

View Comments and Join the Discussion!