Credit Suisse Cuts Estimates for McDonald’s (MCD)

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Credit Suisse reported on Tuesday that they have reduced estimates for fast food chain, McDonald's Corporation( MCD ).

The firm has lowered its estimates for MCD through 2014 due to a decline in franchise margins during October and November. Analysts have given the company a rating of "Outperform," and a price target of $100. This price target suggests a 10% increase from the stock's current price of $89.26.

McDonald's shares were mostly flat during Tuesday morning trading. The stock is down -11% YTD.


The Bottom Line
Shares of McDonald's ( MCD ) have a 3.44% dividend yield, based on last night's closing stock price of $89.41. The stock has technical support in the $84 price area. If the shares can firm up, we see overhead resistance around the $90-$92 price levels.

McDonald's Corporation( MCD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: MCD

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