Piper Jaffray Maintains Overweight Rating and $98 PT on McDonalds

A report from Piper Jaffray reiterates its Overweight rating and $98 price target on McDonalds MCD. The report states, “We recently attended a McDonald's-hosted analyst day where C-level executives and management teams from all major geographies were on-hand to discuss current global trends and opportunities surrounding the company. We are incrementally encouraged in McDonald's ability to replicate its track record of success going forward through ongoing leverage of its "Plan to Win" road map." MCD closed yesterday at $93.26.