Deutsche Bank Bumps FY11 EPS on McDonald's (MCD) Slightly
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Price: $272.83 +0.21%
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 6
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 6
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Deutsche Bank raised estimates on Buy-rated McDonald's (NYSE: MCD) slightly based on a weaker Japan comps and a weaker U.S. dollar.
2011 EPS moves up from $5.04 to $5.07. The firm's price target remains $89.
Analyst Jason West said, "We continue to have a Buy rating on MCD, supported by healthy global comp trends (+4.6% YTD, despite challenging weather), low sensitivity to food inflation, and compelling valuation."
For more ratings news on McDonald's click here and for the rating history of McDonald's click here.
Shares of McDonald's closed at $76.04 yesterday.
2011 EPS moves up from $5.04 to $5.07. The firm's price target remains $89.
Analyst Jason West said, "We continue to have a Buy rating on MCD, supported by healthy global comp trends (+4.6% YTD, despite challenging weather), low sensitivity to food inflation, and compelling valuation."
For more ratings news on McDonald's click here and for the rating history of McDonald's click here.
Shares of McDonald's closed at $76.04 yesterday.
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