Credit Suisse Starts McDonald's (MCD) at Neutral

After the close, Credit Suisse initiated coverage on McDonald's (NYSE: MCD) with a Neutral rating and a price target of $99.00.

Analyst Jason West said while they are optimistic on potential strategic changes and improved execution under new CEO Steve Easterbrook, the stock has already re-rated higher.

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 $97.71 yesterday.

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