McDonald's (MCD) Removed from Credit Suisse Focus List

November 29, 2016 6:22 AM EST
Get Alerts MCD Hot Sheet
Price: $122.31 -0.33%

Rating Summary:
    11 Buy, 22 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Credit Suisse removed McDonald's (NYSE: MCD) from its U.S. Focus List. The firm maintained an Outperform rating and price target of $128.

The firm said the removal is "based on a combination of higher valuation and limited nearterm catalysts. Analyst Jason West lowered his 2017 EPS estimate by $0.11 (approximately 2%) owing to the stronger U.S. dollar, but he maintains his $128 target price on the stock."

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 $121.82 yesterday.

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