Goldman Boosts McDonald's (MCD) PT to $104

March 8, 2013 11:09 AM EST
Get Alerts MCD Hot Sheet
Price: $122.26 --0%

Rating Summary:
    11 Buy, 22 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 13 | New: 9
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This morning McDonald's Corp. (NYSE: MCD) reported February comps declined 1.5 percent in line with the consensus forecaster for a decline of 1.6 percent. The slowdown was associated with last year's Leap Day. Overall, according to analyst Michael Kelter of Goldman Sachs, comps in all regions were "remarkably close" to consensus. Kelter thinks McDonald's is heading toward easier comparisons in spring.

Goldman Sachs has a Neutral rating on McDonald's (NYSE: MCD) with a modified price target of $104.00 (from $100.00).

For an analyst ratings summary and ratings history on McDonald's (NYSE: MCD) click here. For more ratings news on McDonald's click here.

Shares of McDonald's closed at $97.09 yesterday.

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