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MCD

McDonald's

$123.64

0.46 (0.37%)

, CG

Carlyle Group

$15.60

-0.1 (-0.64%)

12:11
12/22/16
12/22
12:11
12/22/16
12:11

McDonald's plans to sell Chinese stores to Citic, Carlyle, Nikkei reports

McDonald's (MCD) intends to sell restaurants in mainland China and Hong Kong to Citic Group and Carlyle Group (CG) in a transaction expected to exceed $2B, Nikkei Asian Review reports. An announcement could arrive as soon as early 2017, the report says. Several investment funds partnered with Chinese firms in competing bids, but the Citic-Carlyle duo won exclusive negotiating rights as a result of factors such as price, the report notes. McDonald's has roughly 2,200 stores in China, a market which it entered in 1990, the report notes. Reference Link

MCD

McDonald's

$123.64

0.46 (0.37%)

CG

Carlyle Group

$15.60

-0.1 (-0.64%)

MCD McDonald's
$123.64

0.46 (0.37%)

12/01/16
12/01/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cummins (CMI) downgraded to Outperform from Buy at CLSA with analyst Kristine Kubacki citing valuation. 2. Cerner (CERN) downgraded to Market Perform from Outperform at Leerink with analyst David Larsen saying he believes there are several macro-headwinds putting pressure on the company's business model that he does not expect to alleviate any time soon. 3. McDonald's (MCD) and Wendy's (WEN) downgraded to Neutral from Buy at Guggenheim. 4. QuintilesIMS (Q) was downgraded to Market Perform from Strong Buy at Raymond James and to Market Perform from Outperform at William Blair. 5. National Oilwell (NOV) downgraded to Sell from Neutral at Seaport Global with analyst Richard Hastings citing premium valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/16
NOMU
12/05/16
UPGRADE
Target $139
NOMU
Buy
McDonald's upgraded to Buy from Neutral at Nomura
Nomura analyst Mark Kalinowski upgraded McDonald's to Buy and raised its price target to $139 from $126. The analyst's checks indicate November will be one of the best same-store-sales quick-service burger sector in 2016 and raised McDonald's U.S. Q4 estimate by 150bp to -.5%, versus consensus of -1.6%. Kalinowski is encouraged by McDonald's potential product pipeline heading into 2017 with Big Mac and French fry line extensions, fresh beef, platforms for customization, and further menu innovation in test geographies. In addition, the analyst said the likely national rollout of its new mobile order-and-pay will act as another growth driver.
12/05/16
12/05/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nike (NKE) upgraded to Buy from Hold at HSBC. 2. Visa (V) upgraded to Buy from Neutral at Guggenheim. 3. TripAdvisor (TRIP) upgraded to Hold from Sell at Stifel with analyst Scott Devitt citing valuation. 4. McDonald's (MCD) upgraded to Buy from Neutral at Nomura with analyst Mark Kalinowski saying his checks indicate November will be one of the best same-store-sales quick-service burger sector in 2016 and raised McDonald's U.S. Q4 estimate by 150bp to -.5%, versus consensus of -1.6%. 5. Fastenal (FAST) upgraded to Outperform from Market Perform at William Blair with analyst Ryan Merkel saying now is the time to own short-cycle industrials. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/22/16
RBCM
12/22/16
NO CHANGE
RBCM
McDonald's, Panera Bread, Starbucks named top restaurant picks at RBC Capital
RBC Capital analyst David Palmer named McDonald's (MCD), Panera Bread (PNRA) and Starbucks (SBUX) as his top restaurant picks heading into 2017. He thinks that their initiatives should improve their sales by mid-2017, while they could also benefit from improved industry trends and corporate tax changes. He adds that McDonald's could benefit from reduced food deflationary pressures, while all restaurants should be boosted by fiscal stimulus.
CG Carlyle Group
$15.60

-0.1 (-0.64%)

03/04/16
LEHM
03/04/16
INITIATION
Target $17
LEHM
Equal Weight
Carlyle Group reinstated with an Equal Weight at Barclays
Barclays analyst Kenneth Hill reinstated Carlyle Group with an Equal Weight rating and $17 price target.
04/28/16
KBWI
04/28/16
DOWNGRADE
Target $19
KBWI
Market Perform
Carlyle Group downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Robert Lee downgraded Carlyle Group to Market Perform saying the current valuation reflects more of the company's cash-generating potential. The analyst keeps a $19 price target for the shares following Carlyle's Q1 results
12/20/16
SBSH
12/20/16
UPGRADE
Target $19.5
SBSH
Carlyle Group upgraded to Buy from Neutral at Citi
Citi analyst William Katz upgraded Carlyle Group to Buy and raised its price target to $19.50 from $16.50. The analyst expects a favorable FPAUM inflection into 2017, setting the stable for the next DE upcycle, and views valuation as compelling.
12/20/16
12/20/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly:1. NVIDIA (NVDA) upgraded to Conviction Buy from Buy at Goldman with analyst Toshiya Hari saying he expects AI/ML capacity additions to drive TAM expansion, high barriers of entry faced by competition and NVIDIA continues to leverage its position to gain greater share of the ML hardware TAM. 2. Carlyle Group (CG) upgraded to Buy from Neutral at Citi with analyst William Katz saying he expects a favorable FPAUM inflection into 2017, setting the stable for the next DE upcycle, and views valuation as compelling. 3. Alcoa (AA) upgraded to Outperform from Neutral at Macquarie saying it is the best way to participate in the pick up in global GDP and recommends using any weakness to build or initiate positions. 4. AMD (AMD) upgraded to Buy on deep learning and AI opportunity at Mizuho with analyst Vijay Rakesh saying he sees deep learning and Artificial Intelligence as the next big computing paradigm and believes the company has an opportunity for deep learning with its new Radeon ProGFx/Ryzen products. 5. Caterpillar (CAT) upgraded to Positive from Mixed at OTR Global with the firm saying its checks indicate the rate of decline in year-over-year global new equipment orders has moderated in Q4 due to strength in EMEA and Asia/Pacific. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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RIC

Richmont Mines

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MGLN

Magellan Health

$83.65

0.35 (0.42%)

15:18
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  • 01

    Dec

SGMS

Scientific Games

$52.00

-0.2 (-0.38%)

15:17
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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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$NSD

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$NYE

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M

Macy's

$21.07

0.44 (2.13%)

, WMT

Wal-Mart

$96.62

0.21 (0.22%)

13:29
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M

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$21.07

0.44 (2.13%)

WMT

Wal-Mart

$96.62

0.21 (0.22%)

TGT

Target

$55.88

-1.61 (-2.80%)

BASFY

BASF

$27.39

-0.13 (-0.47%)

TEVA

Teva

$13.70

0.22 (1.63%)

CBS

CBS

$56.54

0.3 (0.53%)

DISH

Dish

$50.43

0.39 (0.78%)

ASX

Advanced Semiconductor

$7.07

0.76 (12.04%)

SPIL

Siliconware Precision

$7.94

-0.05 (-0.63%)

QD

Qudian

$12.22

-3.93 (-24.33%)

BABA

Alibaba

$191.19

1.35 (0.71%)

VIPS

Vipshop

$8.14

-0.3 (-3.55%)

03/08/13
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  • 24

    Nov

  • 20

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    Mar

AFL

Aflac

$85.00

-0.05 (-0.06%)

13:26
11/24/17
11/24
13:26
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13:26
Conference/Events
Aflac to hold a conference call »

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  • 01

    Dec

GBL

GAMCO Investors

, WTS

Watts Water

$72.65

0.15 (0.21%)

13:26
11/24/17
11/24
13:26
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13:26
Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Watts Water »

Gabelli reports 6.69%…

GBL

GAMCO Investors

WTS

Watts Water

$72.65

0.15 (0.21%)

03/08/13
Wedge Partners
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03/06/13
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  • 04

    Dec

CC

Chemours

$53.31

0.45 (0.85%)

13:23
11/24/17
11/24
13:23
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13:23
Conference/Events
Chemours to host investor day »

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  • 01

    Dec

$NSD

NASDAQ Market Internals

13:17
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$NYE

NYSE Market Internals

13:16
11/24/17
11/24
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Volume is below average…

03/08/13
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AIMT

Aimmune

$35.74

0.16 (0.45%)

13:09
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Conference/Events
Aimmune to hold an investor symposium »

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  • 28

    Nov

PN

Patriot National

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CMCM

Cheetah Mobile

$12.02

-0.4 (-3.22%)

12:55
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GM

General Motors

$44.47

0.1828 (0.41%)

12:53
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General Motors holds an investor an analyst webcast »

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  • 30

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Week of 11/24…

EBAY

eBay

$35.94

-0.02 (-0.06%)

, OSTK

Overstock.com

$61.05

0.6 (0.99%)

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AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

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