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Fly News Breaks for April 12, 2016
MCD
Apr 12, 2016 | 18:32 EDT
CLSA analyst Jeremy Scott assumed coverage of McDonald's and kept an Underperform rating on the name. The analyst raised his price target for the shares to $128 from $120. The current valuation fully reflects management's turnaround efforts and the shareholder returns, Scott tells investors in a research note.
News For MCD;MCD From the Last 2 Days
MCD
Mar 27, 2024 | 06:19 EDT
Citi analyst Jon Tower raised the firm's price target on Krispy Kreme (DNUT) to $19 from $14 and keeps a Neutral rating on the shares. The company's "long-awaited" McDonald's (MCD) partnership came in better than expected, with Krispy Kreme set to see its products sold at most U.S. locations by 2027 versus earlier discussions of a couple thousand stores, the analyst tells investors in a research note. The firm estimates this partnership alone could add $400M in revenue and $85M in EBITDA after full rollout. While execution risk remains, the news is "clearly a positive" for Krispy Kreme and investors, providing greater sales visibility for a brand that's been struggling with GLP-1 headlines and softer spend from lower-income consumers, says Citi.