TD Cowen Reiterates Hold Rating on McDonald's (MCD)

TD Cowen analyst Andrew Charles reiterated a Hold rating and $300.00 price target on McDonald's (NYSE: MCD).

The analyst commented, "Our quick franchisee check-in's suggest MCD is on top of the issue & it seems largely contained. We will monitor the situation as it's only natural to expect a short-term impact to sales. Based on the CMG 2015 & JACK 1993 analogs, and our estimate that every 1% annualized change in U.S. SSS = ~$0.09 EPS impact, we see a worst-case sales impact to 4Q EPS of $0.37."

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 $314.69 yesterday.

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