JPMorgan lowered the firm’s price target on McDonald’s (MCD) to $305 from $325 and keeps an Overweight rating on the shares following the Q1 report The firm reduced the company’s same-store-sales estimates to reflect current environment. However, McDonald’s improving existing unit performance outweighs previous attention on capital intensive new unit growth, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCD:
- McDonald’s price target lowered to $305 from $330 at RBC Capital
- McDonald’s price target lowered to $305 from $330 at Baird
- McDonald’s price target lowered to $350 from $360 at Evercore ISI
- McDonald’s price target lowered to $350 from $360 at Deutsche Bank
- McDonald’s price target lowered to $331 from $334 at Morgan Stanley