Analyst Sees McDonald's (MCD) Comps 'Meaningfully' Ahead of Bull's Estimates; Shares Rally
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Price: $270.95 +0.68%
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Recent upside in shares of McDonald's (NYSE: MCD) (up about $2 over the last hour and a half) is being attributed to a research note from Janney's Mark Kalinowski which suggests the company's same-store sales will be "meaningfully" better than even the highest Street estimates. The analyst cited checks with McDonald's franchisees.
Kalinowski maintains a Buy rating and $105 price target on shares of McDonald's.
Shares of McDonald's are now up 2.8 percent to $92.05.
Kalinowski maintains a Buy rating and $105 price target on shares of McDonald's.
Shares of McDonald's are now up 2.8 percent to $92.05.
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