McDonald's (MCD) Sinks On Analyst Comments, Sales Survey

McDonald's (NYSE: MCD) is under heavy pressure, dropping the most in 5 years. Contributing to the downside pressure in the stock is a cautious comment from an analyst at Friedman, Billings, Ramsey, which said the stock is fully valued. The firm has a Market Perform rating and $53 price target on McDonald's.

Also contributing to the downside action, is an independent survey of 31 US franchisees, which showed that same-store sales rose just 1.8% in December - the smallest gain in six years.

Shares of McDonald's are down over 7% to $53.97.

You May Also Be Interested In

• McDonald's (MCD) PT Lowered to $315 at KeyBanc; 'Overall Softness Likely Persisting Throughout 2Q'
• Morgan Stanley Resumes OMV AG (OMV:AV) (OMVKY) at Equalweight
• Raymond James Upgrades Aecon Group (ARE:CN) (AEGXF) to Outperform