Market Overview

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

Related MCD
Mike Khouw Sees Unusual Options Activity In McDonald's
Ackman: Allergan Is A Good Merger Arbitrage Play, Potential 28% Upside
Making Money With Charles Payne: 12/9/14 (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.

Latest Ratings for MCD

DateFirmActionFromTo
Dec 2014JP MorganMaintainsOverweight
Dec 2014Goldman SachsInitiates Coverage onNeutral
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

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

 

Related Articles (MCD)

Around the Web, We're Loving...

Get Benzinga's Newsletters