Janney Notes Slowing Sales at McDonald's (MCD) During Last 10 Days of April

Shares of McDonald's (NYSE: MCD) are outperforming the broader stock market Thursday afternoon despite an earlier warning from Janney's Mark Kalinowski. While the US's major averages are down about 0.3-0.7 percent, shares of McDonald's are unchanged at $89.41.

Kalinowski, citing a recent meeting with soon-to-be CEO Don Thompson, said same-store sales within the US slowed during the last 10 days of April amid worse-than-expected demand for chicken and premium burgers.

McDonald's normally issues its sales metrics on the 8th of each month.

Kalinowski and Janney maintain a Buy rating and $115 price target on shares of McDonald's. The analyst's price target represents potential upside of nearly 29 percent from where McDonald's shares are currently trading.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of McDonald's.

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