McDonald's (MCD) Posts Q3 adj.-EPS of $1.51; Global Comps Fell 3.3%

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McDonald's (MCD) PT Cut to $86 at Jefferies

October 22, 2014 9:12 AM EDT

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... More