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 $250 at JPMorgan
• Bernstein SocGen Group Reiterates Outperform Rating on Airbus SE (AIR:FP) (EADSY)
• HP Enterprise (HPE) PT Raised to $75 at Truist Securities