Citi Reduced '14, '15 Estimates on McDonald's, Lowered Target from $103 to $101

In a research note from Monday morning, Citigroup maintained a Neutral rating on McDonald's Corporation

and lowered the price target from $103.00 to $101.00. The firm's Gregory Badishkanian highlighted an

and 2014 guidance from McDonald's on Thursday of last week. The Citi analyst also noted same-store sales in China which were down. Badishkanian sees margin pressures in 2014 due to commodity pressure, higher minimum wages, and health care costs. Badishkanian's earnings estimates were lowered by $0.20 per share in both 2014 and 2015. The analyst set a 2016 EPS estimate of $6.88. McDonald's shares last traded unchanged at $94.43.