Deutsche Bank maintained McDonald's Corporation MCD with a Buy rating and raised the price target from $102.00 to $108.00.
Deutsche Bank said, "Feb global SSS were generally in line with expectations at -1.5% vs. DBe -1.2% and Consensus Metrix -1.6%, as Feb was up against the toughest compare of the year. MCD's US business widened its SSS gap to peers suggesting the segment is getting back on track and taking share. This combined with easier compares beginning in 2Q, relatively stable trends in Europe, and attractive valuation (16.5x NTM P/E vs. industry at 20x) keeps us at a Buy."
McDonald's Corporation closed at $98.71on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in