McDonald's (MCD) PT, Estimates Raised at Credit Suisse on U.S. SSS Momentum

Credit Suisse analyst raised estimates and his price target on Outperform-rated McDonald's (NYSE: MCD) to $135.00 (from $130.00), saying checks point to continued U.S. SSS momentum.

West commented, "We're raising 1Q16 US SSS est. to +4.5% (prev. +3.8%) following positive franchisee checks. 1Q16 EPS moves up by 1c to $1.16 on the SSS increase and improved f/x. Raising 2016E EPS to $5.45 (6c above consensus), on recent USD weakness and higher 1Q16 US SSS forecast. Raise PT to $135 on higher earnings and reinforced confidence in MCD's recovery."

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 $123.17 yesterday.

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