Market Overview

UPDATE: Goldman Sachs Reiterates Neutral Rating, Raises PT on McDonald's Corporation

Share:
Related MCD
Facebook, McDonald's, Hain Celestial: Fast Money Picks For February 22
Fast Food In 2016: Who Came Out On Top And Who's Best Positioned For The Future?
A Dividend Portfolio Built From The World's Best Dividend ETFs (Seeking Alpha)

In a report published Monday, Goldman Sachs Group reiterated its Neutral rating on McDonald's Corporation (NYSE: MCD), and raised its price target from $89.00 to $92.00.

Goldman Sachs noted, “MCD reported global November SSS of 2.4%, above the 0.2% consensus and above our 0.1% expectation. SSS were 1.2% when adjusted for trading days. Two-year SSS, when adjusted for trading days, were 8.4%, a step up from the 6-7% run rate over each of the last four months. We are cautiously optimistic, but remain on the sidelines given uncertainty around future SSS trends and around the margin impact of the recent step-up in value messaging and promotional activity.”

McDonald's Corporation closed on Friday at $88.48.

Latest Ratings for MCD

DateFirmActionFromTo
Jan 2017UBSDowngradesBuyNeutral
Dec 2016NomuraUpgradesNeutralBuy
Dec 2016GuggenheimDowngradesBuyNeutral

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (MCD)

View Comments and Join the Discussion!