Wall St. expects big helping of earnings from restaurants
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UBS Reiterates Buy on McDonald's (MCD) Following 2Q
July 27, 2016 9:37 AM EDTUBS reiterated a Buy rating and $138.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. Disappointing U.S. sss highlight the challenge of maintaining momentum against industry headwinds. However, MCD continues to outperform peers and a positive 130 bps sss... More
Jefferies Reiterates Hold on McDonald's (MCD) Following 2Q
July 27, 2016 8:47 AM EDTJefferies reiterated a Hold rating and $115.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. Global SSS of +3.1% decelerated, driven mainly by slower US SSS of +1.8% and negative traffic. Commodity deflation of 4.5% drove lower than expected COGs, which offset... More
Jefferies Reiterates Hold on Buffalo Wild Wings (BWLD) Following 2Q
July 27, 2016 8:32 AM EDTJefferies reiterated a Hold rating and $135.00 price target on Buffalo Wild Wings, Inc. (NASDAQ: BWLD) following the company's 2Q earnings report. Weaker than expected SSS, balanced with lower G&A, more aggressive cost management and bigger buybacks, have Jefferies adjusting 16/17 EPS estimates to $5.70/ $6.50 (from $5.68/$6.45).... More
RBC Capital Updates Estimates on McDonald's (MCD) Following 2Q; Reiterates Outperform
July 27, 2016 7:53 AM EDTRBC Capital reiterated an Outperform rating and $140.00 price target on McDonald's (NYSE: MCD) following the company's 2Q earnings report. RBC updated 2016 EPS estimates, increasing forecasts to $5.64, compared to $5.50 prior, ahead of $5.53 consensus.
Analyst David Palmer commented, "While sales growth has slowed, we... More
