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McDonald’s Target Lowered at Deutsche Bank, but Still a “Buy” (MCD)

By Dividend.com,  June 04, 2012, 09:00:51 AM EDT

Fast food king McDonald's Corporation ( MCD ) on Monday saw its price target lowered by analysts at Deutsche Bank amid margin concerns in the struggling European region.

The firm maintained its "Buy" rating on MCD but cut its price target from $108 to $100. That new target suggests a 15% upside to the stock's Friday closing price of $86.71.

A Deutsche Bank analyst commented, "On 5/31, CEO-elect Don Thompson and COO-elect Tim Fenton hosted a Q&A session for analysts. In Europe, mgmt. reiterated that increased media weight + promos around value, particularly in Germany and France, will have a negative near-term impact on margins, but MCD expects this to be offset by higher sustained guest counts and upselling over time."

McDonald's shares were mostly flat in premarket trading Monday.

The Bottom Line
We recently began recommending shares of McDonald's ( MCD ) when the shares were trading at $91.01. The company has a 3.23% dividend yield, based on Friday's closing stock price of $86.71.

McDonald's Corporation ( MCD ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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.


This article appears in: Investing, Stocks

Referenced Stocks: MCD



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