Goldman Sachs Reiterates a 'Conviction-List Buy' McDonald's (MCD) on Any Weakness; Expect Strong March Rebound

Goldman Sachs reiterates a 'Conviction-List Buy' rating McDonald's (NYSE: MCD) price target of $114.00.

Analyst, Michael Kelter, said, "McDonald’s reported February SSS of 7.5%, below our 9.8% estimate and the 8.3% consensus. US SSS were above expectations (+11.1%), but Europe and APMEA were light (+4.0% and +2.4% respectively). We take our above-consensus 2012-2014 EPS estimates down slightly to $5.94/$6.62/$7.44, flowing through these results and marking currency to spot...February SSS of 7.5% were below expectations, but robust in absolutes."

For an analyst ratings summary and ratings history on McDonald's click here. For more ratings news on McDonald's click here.

Shares of McDonald's closed at $100.18 yesterday.

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