Market Overview

UPDATE: Citigroup Raises PT to $92 on McDonald's on Global Comps

Related MCD
Goldman Is Buying Wendy's, Downbeat On Brinker & Bloomin' Brands
It Looks Like Wendy's 4 For $4 Promo Is Boosting Sales
Home Depot Surges, Most Overbought Dow Stock (Seeking Alpha)

Citigroup reiterated its Neutral rating on McDonald's (NYSE: MCD) but raised its price target from $91 to $92.

Citigroup noted, "November SSS were up 2.4% (+1.2% benefit from trading day) vs. October of -1.8% (-2.1% impact from trading day), vs. FC est. of -0.1%. U.S., Europe and APMEA sales all came in ahead of expectations driven by increased focus on value platform as well as a trading day benefit. … Given updated trends, we're raising our '12-14 EPS estimates by 3c, 7c and 11c, respectively. Raising tgt px by $1 to $92."

McDonald's closed at $89.24 on Friday.

Latest Ratings for MCD

Nov 2015BarclaysMaintainsOverweight
Nov 2015Credit SuisseMaintainsOutperform
Oct 2015Piper JaffrayUpgradesNeutralOverweight

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (MCD)

View Comments and Join the Discussion!

Get Benzinga's Newsletters