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

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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
Jul 2016Credit SuisseMaintainsOutperform
Jun 2016BairdMaintainsNeutral
Jun 2016Credit SuisseMaintainsOutperform

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

 

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