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

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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
Apr 2015Guggenheim SecuritiesInitiates Coverage onBuy
Apr 2015Cowen & CompanyInitiates Coverage onMarket Perform
Mar 2015Credit SuisseInitiates Coverage onNeutral

View More Analyst Ratings for MCD
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Posted-In: Deutsche BankAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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