Market Overview

McDonald's Shares Moving Lower On Janney Capital Note

Share:
Related MCD
Can MCD Feed Higher Sales with More than Breakfast?
Week Ahead: It's Not Just Earnings This Time, as GDP, Fed Also on Tap
Notable earnings before Tuesday's open (Seeking Alpha)

Janney Capital analyst Mark Kalinowski released a note this morning downgrading McDonald's (NYSE: MCD) from a Buy to a Neutral rating, while dropping its price target from $105.

The report focused on street expectations for the company's same store sales, saying they were over inflated given the relative domestic sales trends. Kalinowski went on to drop his June same store sales estimates by 90 basis points to 1.1 percent.

Traders seem to be using the report as a catalyst to trade shares down, giving them their largest drop since June 20th.

Mcdonald's shares were down 1.12 percent to $99.75 midway through the morning.

Latest Ratings for MCD

DateFirmActionFromTo
Jun 2016BairdMaintainsNeutral
Jun 2016Credit SuisseMaintainsOutperform
Jun 2016NomuraDowngradesBuyNeutral

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

Posted-In: Janney Capital MarketsAnalyst Color News Analyst Ratings Movers

 

Related Articles (MCD)

View Comments and Join the Discussion!