McDonald's (MCD) Seeing Negative 3Q Comp Trends Across All Segments - Bloomberg, Citing Call
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TD Cowen cuts McDonald's (MCD) to Hold, trough value perceptions 'will take time to fix'
July 31, 2024 6:23 AM EDTTD Cowen downgraded McDonald's (NYSE: MCD) from Buy to Hold, lowering the price target to $280.00 from $285.00 per share in a note to clients Wednesday, following the fast food giant's latest quarterly earnings.
McDonald's reported Q2 EPS of $2.80, $0.27 worse than the analyst estimate of $3.07. Revenue for the quarter came in at $6.49 billion versus the consensus estimate of $6.62... More
McDonald's (MCD) PT Lowered to $278 at BofA Securities
July 30, 2024 9:33 AM EDTBofA Securities analyst Gregory Francfort lowered the price target on McDonald's (NYSE: MCD) to $278.00 (from $288.00) while maintaining a Neutral rating.
The analyst comments "Continued negative trends in the US (July SSSG were negative across all operating segments) suggests that even as MCD's $5 Value... More
McDonald's (MCD) PT Lowered to $285 at Wells Fargo
July 30, 2024 5:16 AM EDTWells Fargo analyst Jon Tower lowered the price target on McDonald's (NYSE: MCD) to $285.00 (from $300.00) while maintaining a Overweight rating.
The analyst comments "Today's relief makes sense. There's no denying that Q2 was soft, but US comps of -0.7% were better vs feared (-2%),... More
McDonald's (MCD) PT Lowered to $270 at JPMorgan
July 30, 2024 5:12 AM EDTJPMorgan analyst John Ivankoe lowered the price target on McDonald's (NYSE: MCD) to $270.00 (from $290.00) while maintaining a Overweight rating.
The analyst comments "MCD results may be most notable for their explicit sense of major urgency around re-establishing the brands core value message that was largely... More
McDonald's (MCD) PT Lowered to $310 at Jefferies
July 29, 2024 2:18 PM EDTJefferies analyst Andy Barish lowered the price target on McDonald's (NYSE: MCD) to $310.00 (from $320.00) while maintaining a Buy rating.
The analyst comments "Tough 2Q with EPS miss and US/Int'l SSS each below the Street but perhaps not as bad as buy-side... More
McDonald's (MCD) PT Lowered to $295 at Truist Securities
July 29, 2024 2:07 PM EDTTruist Securities analyst Jake Bartlett lowered the price target on McDonald's (NYSE: MCD) to $295.00 (from $300.00) while maintaining a Buy rating.
The analyst comments "Following 2Q24 results (SSS and EPS miss) we are lowering ests. and our PT to $295, from $300.... More
McDonald's (MCD) PT Lowered to $257 at Stifel
July 29, 2024 1:45 PM EDTStifel analyst Chris O\'Cull lowered the price target on McDonald's (NYSE: MCD) to $257.00 (from $265.00) while maintaining a Hold rating.
The analyst comments " MCD reported earnings below consensus (2Q EPS of $2.97, Stifel $3.04, Street $3.07), with weak comps across all three segments. SRS remained... More
