Market Overview

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

Share:
Related MCD
Meaningful Change Is Underway At McDonald's, Says Stephens
Is McDonald's A 'Communist Dictatorship?' A New Taco Bell Commercial May Depict It As One
McDonald's Unveils Merchandise as a Part of "I'm Lovin It 24" - Analyst Blog (Zacks)

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
Mar 2015Credit SuisseInitiates Coverage onNeutral
Mar 2015JP MorganMaintainsOverweight
Mar 2015Piper JaffrayDowngradesOverweightNeutral

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...