Loop Capital Starts McDonald's (MCD) at Buy

Get Alerts MCD Hot Sheet
Rating Summary:
29 Buy, 16 Hold, 1 Sell
Rating Trend:

Today's Overall Ratings:
Up: 11 | Down: 37 | New: 8
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Loop Capital analyst Alton Stump initiates coverage on McDonald's (NYSE: MCD) with a Buy rating and a price target of $306.00.
The analyst comments "We are initiating coverage of MCD with a Buy rating and $306 PT. Our price target of $306 is based on 20x our 2022 EV/EBITDA estimate. We are modeling EPS for MCD of $2.55 for 3Q21 ($0.09 above consensus), $2.31 for 4Q21 ($0.05 above consensus), $9.15 for 2021 ($0.08 above consensus) and $9.95 for 2022 ($0.05 above consensus). For MCD’s U.S. comps, we are modeling 9.0% growth for 3Q21, 8.0% growth for 4Q21, 14.1% growth for 2021 and 3.5% growth for 2022."
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 $243.08 yesterday.
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