McDonald's (MCD) PT Raised to $128 at Credit Suisse Post Investor Day
Credit Suisse analyst J. West reiterated an Outperform rating and boosted his price target on McDonald's (NYSE: MCD) to $128.00 (from $118.00) following the company's investor day.
West commented, "We came away from MCD's Investor Day still positive on the near-term and long-term outlook and note that expectations were high going into the meeting. Overall, this result should be sufficient to keep investors engaged, with the next key catalyst being 4Q results in Jan. and further signs of improved SSS momentum."
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Shares of McDonald's closed at $113.22 yesterday.