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Fly News Breaks for June 22, 2016
MCD
Jun 22, 2016 | 07:13 EDT
As reported previously, Nomura analyst Mark Kalinowski downgraded McDonald's to Neutral from Buy, citing the increasing difficulty the company's appears to be having in generating U.S. same-store sales and its upcoming tougher comps. Kalinowski cut his Q2 U.S. same-store sales forecast for McDonald's by 60 bps to up 2.4%, which compares to the sell-side consensus view of up 3.8%, and lowered his price target on the stock to $129 from $142.
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