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McDonald’s Target, Estimates Cut at UBS (MCD)

Fast food king McDonald's Corporation ( MCD ) on Monday saw its price target and earnings estimates lowered by analysts at UBS.

The firm maintained its "Buy" rating, but said it now expects MCD shares to reach $96. That new target suggests a 13% upside to the stock's Friday closing price of $85.03.

UBS also lowered its earnings estimates for MCD, citing weaker-than-expected August same-store sales.

McDonald's shares fell 58 cents, or -0.7%, in premarket trading Monday.

The Bottom Line

Shares of McDonald's ( MCD ) have a 2.87% dividend yield, based on Friday's closing stock price of $85.03. The stock has technical support in the $80-$82 price area. If the stock can firm up, we see overhead resistance around the all-time high levels of $88-$91 a share.

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 Nasdaq, Inc.

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

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