Market Overview

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

Share:
Related MCD
Jim Cramer Shares His Thoughts On Papa John's And McDonald's
An Appetizing Restaurant Stock For Value Investors
How to Find Wide Investment Moats the 'Easy' Way (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
Jan 2017UBSDowngradesBuyNeutral
Dec 2016NomuraUpgradesNeutralBuy
Dec 2016GuggenheimDowngradesBuyNeutral

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)

View Comments and Join the Discussion!