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Fly News Breaks for December 1, 2016
MCD
Dec 1, 2016 | 06:37 EDT
As previously reported, Guggenheim downgraded McDonald's to Neutral from Buy and maintained its $127 price target. Analyst Matthew DiFirsco sees limited upside to current valuation and increased potential macro headwinds from rising gasoline prices, and the impact from higher interest rates on franchise investment. Further, the analyst increased risk to 2017 earnings upside due to US dollar appreciation and maintains his outlook for near-term negative US same-store-sales.
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.