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Fly News Breaks for May 5, 2015
MCD
May 5, 2015 | 07:49 EDT
UBS noted McDonald's revealed its strategic initiatives and is encouraged that more will be coming. The firm expects targeted financial initiatives to be raised over time while the company continues to evaluate all opportunities to enhance shareholder value. UBS believes the company's strategic commitment will limit the shares' downside but improved comps will drive the near-term upside. UBS reiterated its Buy rating and $110 price target on McDonald's 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.