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Fly News Breaks for April 6, 2015
MCD
Apr 6, 2015 | 07:30 EDT
RBC Capital cut its price target on MCDonald's to $110 from $115, citing foreign exchange fluctuations, higher labor costs and U.S. same-store sales declines. However, the firm continues to believe that the company's valuation metrics compare favorably to its restaurant and consumer staple peers. RBC keeps an Outperform rating on the shares.
News For 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.