Market Overview

UPDATE: Deutsche Bank Reiterates McDonald's at Buy on Solid November Comps

Related MCD
Belus Capital's Brian Sozzi: Nike Should Take Hints From Under Armour
Market Wrap For April 23: S&P 500 Ends Winning Streak, Apple Announces 7-for-1 Stock Split
McDonald's 1Q Earnings Come Up Short (Fox Business)

Deutsche Bank reiterated its Buy rating on McDonald's (NYSE: MCD) and maintained its price target at $97.

Deutsche Bank noted, "MCD posted a solid Nov result against very low expectations. It remains to be seen if this performance was just a case of monthly volatility or a sign of an early turnaround. Either way, we were encouraged to see a positive print and continue to recommend being buyers of MCD given long-term competitive advantages and some favorable dynamics into 2013: easing sales compares (post-Mar.), more difficult compares for competitors, low expectations, lower G&A spend, and less negative f/x."

McDonald's closed at $89.66 on Friday.

Posted-In: Deutsche BankAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Most Popular

Related Articles (MCD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free