Goldman Sachs Raises Numbers on McDonald's (MCD); Mixed on August Sales

Goldman Sachs maintains a 'Neutral' on McDonald's (NYSE: MCD) price target of $90.00 (from $89.00).

Analyst, Michael Kelter, said, "MCD reported August SSS of 3.7%, modestly below the 3.9% consensus, and well below our 5.2% expectation. While the headline of 3.7% SSS is a step-up from 0.0% last month, MCD got a 300 bp trading-day boost and had a 150 bp easier compare relative to July. The 2-year SSS figure, adjusted for trading days, reached a new low in August, and we believe SSS may now decelerate through year-end against tougher compares."

Marking the Euro to spot at $1.28, Kelter, raises FY12 EPS from $5.41 to $5.42, FY13 from $5.93 to $5.97 and FY14 from $6.51 to $6.56.

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 $91.30 yesterday.

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