Goldman Sachs Cuts Numbers on McDonald's (MCD) On Weak Euro

Goldman Sachs lowered estimates and their price target on McDonald's (NYSE: MCD) from $105 to $100 citing the weaker euro.

While Goldman said the long-term story is intact and they came away from a sell-side meeting with Don Thompson and Tim Fenton 'confident' in the company's leadership, the weak euro is hurting and the company is not immune from the the slowing European macro.

Goldman lowered 2012-2014 EPS estimates to $5.61/$6.31/$7.06 from $5.72/$6.45/$7.24, primarily to mark forex to spot.

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 $89.34 yesterday.

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