Market Overview

Sterne Agee Reiterates Buy on McDonald's Ahead of 'Mighty Wings' Launch

Share:
Related MCD
On McDonald's, Piper Jaffray Moving To The Sidelines
Benzinga's Top Upgrades
Will McDonald's New CEO Help Turn it Around? Analysts' Weigh In (GuruFocus)

In a report published Tuesday, Sterne Agee analyst Lynne Collier reiterated a Buy rating and $107.00 price target on McDonald's Corporation (NYSE: MCD).

In the report, Sterne Agee noted, “A restaurant industry news source is indicating that MCD will be rolling out Mighty Wings nationally as an LTO on September 9. While this announcement is inline with our expectations, we view the introduction of Mighty Wings as a meaningful catalyst for comps. Based on our channel checks, we believe that Mighty Wings performed very well in test and drove the average check. We are maintaining our Buy rating and price target of $107.”

McDonald's Corporation closed on Monday at $95.31.

Latest Ratings for MCD

DateFirmActionFromTo
Mar 2015Piper JaffrayDowngradesOverweightNeutral
Mar 2015RBC CapitalUpgradesSector PerformOutperform
Mar 2015Bank of AmericaMaintainsBuy

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

Posted-In: Lynne Collier Mighty Wings Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (MCD)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content