Barclays maintains an 'Overweight' on McDonald's (NYSE: MCD); Some N-T Volatility, But Raising Estimates on Giant
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Price: $267.20 -2.06%
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 20 | New: 20
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 20 | New: 20
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Barclays maintains an 'Overweight' on McDonald's (NYSE: MCD) price target raised $1 to $107.
Analyst, Jeffrey A. Bernstein, said, "While not likely the strongest performer in the current macro, MCD continues to take share in QSR and we continue to view it as a flight to quality, with the shares to see a slow but steady grind higher. On valuation, currently ~16.5x vs. the 13-18x 3-year range and 15.5x average."
Bernstein remains optimistic on MCD versus peers, but sees limited near-term profit growth on large investment to keep competitive advantage, margin and macro headwinds. He raises FY12 EPS estimate from $5.68 to $5.70 and FY13 from $6.25 to $6.30.
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 $95.94 yesterday.
Analyst, Jeffrey A. Bernstein, said, "While not likely the strongest performer in the current macro, MCD continues to take share in QSR and we continue to view it as a flight to quality, with the shares to see a slow but steady grind higher. On valuation, currently ~16.5x vs. the 13-18x 3-year range and 15.5x average."
Bernstein remains optimistic on MCD versus peers, but sees limited near-term profit growth on large investment to keep competitive advantage, margin and macro headwinds. He raises FY12 EPS estimate from $5.68 to $5.70 and FY13 from $6.25 to $6.30.
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 $95.94 yesterday.
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