Despite Easy April Comparisons McDonald's (MCD) SSS 'Slightly Negative'; Goldman Maintains Neutral
Goldman Sachs today maintained a Neutral rating on McDonald's (NYSE: MCD) with a price target of $108.00. This morning the company reported Q1 results. Of note, McDonald's said April comps were slightly negative. This comes as a surprise to many on Wall Street given easy comparisons.
Commenting on news, analyst Michael Kelter said he expects MCD shares to trade off given April SSS guidance and profitability levels appear to be "under pressure."
For an analyst ratings summary and ratings history on McDonald's (NYSE: MCD) click here. For more ratings news on McDonald's click here.
Shares of McDonald's closed at $101.91 yesterday, with a 52 week range of $83.31-$103.70.
Commenting on news, analyst Michael Kelter said he expects MCD shares to trade off given April SSS guidance and profitability levels appear to be "under pressure."
For an analyst ratings summary and ratings history on McDonald's (NYSE: MCD) click here. For more ratings news on McDonald's click here.
Shares of McDonald's closed at $101.91 yesterday, with a 52 week range of $83.31-$103.70.