Jefferies analyst Andy Barish lowered estimates and his price target on Hold-rate McDonald's (NYSE: MCD) to $86.00 (from $93.00) following weak Q4 results.

Barish comments, "Sep SSS were -3.8% vs cons -3.2%, and $1.09 EPS missed by 28¢ on margin deleverage & higher taxes. Oct SSS remain negative (cons -1.4%) and 4Q will see -7-10¢ from the supply issue. The company is working to put itself in turnaround mode, but we expect continued share losses (especially US), -5-6¢ from FX and external pressures (overseas). We est ‘14/15 EPS of $4.94/5.35 (was $5.40/5.80), but visibility is limited until comps stabilize."

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Shares of McDonald's closed at $91.01 yesterday.