UPDATE: Credit Suisse Raises PT to $104 on McDonald's Corporation; Risk/Reward Turns Attractive
Credit Suisse maintained McDonald's Corporation (NYSE: MCD) with an Outperform rating and raised the price target from $102.00 to $104.00.
Credit Suisse said, "We believe MCD is well positioned to return to meaningful share gains in 2012, with upside to numbers if the macro environment stabilizes from a late January slowdown. However, even if a slowing consumer environment limits absolute upside to numbers, relative outperformance on fundamentals combined with low relative valuation makes risk/reward attractive."
McDonald's Corporation closed at $94.14 on Thursday.
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