Piper Jaffray Maintains Overweight Rating on McDonald's

According to Piper Jaffray, McDonald's MCD Overweight rating is maintained. Piper Jaffray said that upon conclusion of its proprietary September traffic analysis it is increasing its U.S. 3Q11 comp estimate to +4.1%. “We are maintaining our 3Q11 EPS estimate of $1.45, OW rating, and our $98 price target.” McDonald's closed yesterday at $89.31.