McDonald’s Target, Estimates Lowered by Two Analysts (MCD)

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Fast food king McDonald's Corporation ( MCD ) on Monday caught some tepid commentary from analysts at two major Wall Street firms following last week's weak May same-store sales results .

Credit Suisse maintained its "Outperform" rating on MCD but lowered its price target to $104. That new target suggests an 18.5% upside to the stock's Friday closing price of $87.75. The firm also cut its earnings estimates for the company, citing lower realized sales.

Meanwhile, UBS kept its "Buy" rating on MCD unchanged but also lowered its target to $104. The analyst also lowered its earnings estimates, noting currency effects and lower sales in Europe.

McDonald's shares rose 65 cents, or +0.7%, in premarket trading Monday.

The Bottom Line
Shares of McDonald's ( MCD ) have a 3.19% dividend yield, based on Friday's closing stock price of $87.75. The stock has technical support in the $82-$85 price area. If the stock can firm up, we see overhead resistance around the $91-$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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