U.S. consumer confidence steady; new home sales near eight-and-a-half-year high
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UBS Reiterates Buy on McDonald's (MCD) Following 2Q
July 27, 2016 9:37 AM EDTUBS reiterated a Buy rating and $138.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. Disappointing U.S. sss highlight the challenge of maintaining momentum against industry headwinds. However, MCD continues to outperform peers and a positive 130 bps sss... More
Jefferies Reiterates Hold on McDonald's (MCD) Following 2Q
July 27, 2016 8:47 AM EDTJefferies reiterated a Hold rating and $115.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. Global SSS of +3.1% decelerated, driven mainly by slower US SSS of +1.8% and negative traffic. Commodity deflation of 4.5% drove lower than expected COGs, which offset... More
RBC Capital Updates Estimates on McDonald's (MCD) Following 2Q; Reiterates Outperform
July 27, 2016 7:53 AM EDTRBC Capital reiterated an Outperform rating and $140.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. RBC updated 2016 EPS estimates, increasing forecasts to $5.64, compared to $5.50 prior, ahead of $5.53 consensus.
Analyst David Palmer commented, "While sales growth has slowed, we... More
