McDonald's (MCD) Estimates, PT Cut at Jefferies Amid Weak August Same-Store Sales
Get Alerts MCD Hot Sheet
Rating Summary:
28 Buy, 19 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 11
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Jefferies lowered estimates and his price target on McDonald's (NYSE: MCD) to $93.00 (from $95.00) and maintained a Hold rating following weak August same=store sales.
Analyst Andy Barish commented, "Aug SSS -3.7% missed (Street -3.1%). MCD is still losing share in the US (SSS -2.8% vs. Street -2%) & the supplier issue drove a sharp APMEA miss (-14.5% vs. Street -10.1%), while Eur remains buoyed by the strong UK biz (-0.7% vs. Street -2.1%). 3Q SSS will be weak globally, with Asia’s meat woes driving -$0.15-20 to EPS via SSS declines, increased spending to regain consumer trust & higher taxes. Our ‘14/15 EPS to $5.40/5.80 (was $5.60/5.94)."
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 $93.00 yesterday.
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