UBS Lowers Numbers on McDonald's (MCD); Value at an Expense; June Traffic Still Impressed
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Price: $101.54 +0.42%
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MCD Now!
UBS maintains a 'Buy' on McDonald's (NYSE: MCD) price target of $99.00 (from $104.00).
Analyst, David Palmer, said, "Following 2Q earnings, we are lowering our 2012 and 2013 EPS estimates from $5.57 and $6.15 to $5.50 (+5% YOY) and $6.00 (+9% YOY) respectively. Our lower EPS estimates largely reflect an ongoing focus on value at the expense of margin. Despite our lower estimates, we believe 2Q’s results demonstrate McDonalds’ ability to drive traffic through tough times with only a modest sacrifice in profitability."
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 $88.94 yesterday, with a 52 week range of $82.01-$102.22.
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Analyst, David Palmer, said, "Following 2Q earnings, we are lowering our 2012 and 2013 EPS estimates from $5.57 and $6.15 to $5.50 (+5% YOY) and $6.00 (+9% YOY) respectively. Our lower EPS estimates largely reflect an ongoing focus on value at the expense of margin. Despite our lower estimates, we believe 2Q’s results demonstrate McDonalds’ ability to drive traffic through tough times with only a modest sacrifice in profitability."
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 $88.94 yesterday, with a 52 week range of $82.01-$102.22.
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