McDonald's (MCD) Sinks On Analyst Comments, Sales Survey
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Price: $265.00 +1.90%
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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McDonald's (NYSE: MCD) is under heavy pressure, dropping the most in 5 years. Contributing to the downside pressure in the stock is a cautious comment from an analyst at Friedman, Billings, Ramsey, which said the stock is fully valued. The firm has a Market Perform rating and $53 price target on McDonald's.
Also contributing to the downside action, is an independent survey of 31 US franchisees, which showed that same-store sales rose just 1.8% in December - the smallest gain in six years.
Shares of McDonald's are down over 7% to $53.97.
Also contributing to the downside action, is an independent survey of 31 US franchisees, which showed that same-store sales rose just 1.8% in December - the smallest gain in six years.
Shares of McDonald's are down over 7% to $53.97.
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