Market Overview

Sterne Agee Reiterates Buy Rating, $101 PT on McDonald's Corporation

Related MCD
Apple, Google Lead List Of Top 10 Most Valuable Brands
McDonald's Risky New Social Campaign And 3 Times Hashtags Backfired
Apple Leads the Charge as Earnings Season Heats Up (Fox Business)

In a report published Monday, Sterne Agee Group reiterated its Buy rating and $101.00 price target on McDonald's Corporation (NYSE: MCD).

Sterne Agee noted, “Recent channel checks indicate that MCD will be testing chicken wings (‘Mighty Wings') in a second major market (Chicago) beginning this week. Given that we believe that the Atlanta test proved successful, we believe that it is likely that we will continue to see additional MCD markets featuring wings and would not rule out a national launch in the future. Maintaining BUY rating and $101 price target on MCD.”

McDonald's Corporation closed on Friday at $89.85.

Latest Ratings for MCD

DateFirmActionFromTo
Oct 2014Morgan StanleyDowngradesOverweightEqual-weight
Sep 2014CitigroupMaintainsNeutral
Sep 2014Bank of AmericaReiteratesBuy

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

Posted-In: Mighty Wings Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (MCD)

Around the Web, We're Loving...

Get Benzinga's Newsletters