In a research note from Monday morning, Citigroup maintained a Neutral rating on McDonald's Corporation MCD and lowered the price target from $103.00 to $101.00.
The firm's Gregory Badishkanian highlighted an earnings beat 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in