Credit Suisse Initiates McDonald's At Neutral

Analysts at Credit Suisse initiated coverage on McDonald's Corp. MCD with a Neutral rating. The target price for McDonald's is set to $99. McDonald's shares have dropped 2.45% over the past 52 weeks, while the S&P 500 index has surged 9.42% in the same period. McDonald's shares fell 0.20% to $96.10 in pre-market trading.