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Fly News Breaks for October 24, 2016
MCD
Oct 24, 2016 | 08:39 EDT
UBS analyst Dennis Geiger said the strategic initiatives at McDonald's remains on track across re-franchising, repurchase, and G&A savings. The analyst believes the ongoing efficiency efforts could drive upside over time. Geiger did note that challenging comps and industry trends are making him more cautious and providing near-term challenges, leading him to lower his price target. Geiger maintained his Buy rating and lowered his price target to $130 from $137 on McDonald's shares.
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