Market Overview

UPDATE: Morgan Stanley Reiterates on McDonald's as Negative Trends are Expected to Resume

Share:
Related MCD
5 Biggest Price Target Changes For Tuesday
One Analyst Loses His Appetite For Darden Restaurants
Meeder Asset Management Inc Buys iShares Core MSCI EAFE, Bank of New York Mellon Corp, Phillips ... (GuruFocus)

In a report published Thursday, Morgan Stanley analyst John Glass reiterated an Overweight rating on McDonald's (NYSE: MCD), but removed the $115.00 price target.

In the report, Morgan Stanley noted, “We estimate global comps of -1.9% for February when MCD reports monthly sales before the open Monday, March 10th. Our estimate compares to consensus of flat and is toward the low end of the -2.2% to +1.7% range. There is a high degree of uncertainty this month driven by severe winter weather, easy year ago compares that were driven by a calendar shift (Feb '13 lapped an extra day), the timing of Chinese New Year (could be a drag) and a still uncertain macro backdrop. Adjusted for trade day impacts (none this February), our estimate implies 2yr comps of -0.2%, up from -1.5% in Jan, and a 3yr comp of +4.1%, down from +6.5% in Jan.”

McDonald's closed on Wednesday at $95.02.

Latest Ratings for MCD

DateFirmActionFromTo
Oct 2017BarclaysMaintainsOverweight
Oct 2017NomuraMaintainsBuy
Oct 2017Stifel NicolausInitiates Coverage OnHold

View More Analyst Ratings for MCD
View the Latest Analyst Ratings

Posted-In: John Glass Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (MCD)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...