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MCD

McDonald's

$154.97

1.15 (0.75%)

, CG

Carlyle Group

$21.85

-0.1 (-0.46%)

05:39
08/08/17
08/08
05:39
08/08/17
05:39

McDonald's announces growth plan for China

McDonald's (MCD) announced the successful completion of a strategic partnership with CITIC Limited, CITIC Capital Partners, and Carlyle Group (CG). Ramping up a new era of growth and innovation, the partnership will operate and manage McDonald's businesses in mainland China and Hong Kong, leveraging combined expertise and strength to drive an expansion strategy. The transaction has obtained China's regulatory approval and was completed on July 31, 2017, creating the largest McDonald's franchisee outside of the United States. The sale to the new McDonald's China franchisee includes McDonald's existing businesses in Mainland China (approximately 2,500 restaurants) and Hong Kong (approximately 240 restaurants). The new partnership today announced a series of development initiatives for mainland China. Termed "Vision 2022," this strategy aims to drive double-digit sales growth in each of the next five years by increasing the number of restaurants from 2,500 to 4,500, including delivery hub coverage of over 75% of restaurants, by the end of 2022, bringing unparalleled convenience to Chinese customers. Opening pace of new McDonald's restaurants in mainland China is expected to progressively ramp up from approximately 250 per year in 2017 to 500 per year in 2022 under the new partnership. In addition, Vision 2022 includes plans to increase significantly McDonald's restaurant portfolio mix in tier 3-4 cities to approximately 45% of all McDonald's restaurants in China. Vision 2022 also includes an increase of "Experience of the Future" restaurants to over 90%, which will enable the brand to offer digitalized and personalized dining experience to more customers. With innovation hubs located in Hong Kong and Shanghai, McDonald's will strengthen its brand leadership by enhancing the customer experience using menu innovation and advanced digital retail experience.

MCD

McDonald's

$154.97

1.15 (0.75%)

CG

Carlyle Group

$21.85

-0.1 (-0.46%)

  • 25

    Sep

MCD McDonald's
$154.97

1.15 (0.75%)

07/26/17
LEHM
07/26/17
NO CHANGE
Target $173
LEHM
Overweight
McDonald's price target raised to $173 from $164 at Barclays
Barclays analyst Jeffrey Bernstein raised his price target for McDonald's to $173 saying all regions are reporting positive comps and and traffic is accelerating. The analyst remains bullish on the shares following the company's Q2 results, citing its defensive position and valuation still being below peers. He keeps an Overweight rating on McDonald's.
07/26/17
UBSW
07/26/17
NO CHANGE
Target $160
UBSW
Neutral
McDonald's results solid, expectations lofty, says UBS
UBS analyst Dennis Geiger said McDonald's reported another good quarter. The analyst said its momentum continued and they gave promising guidance, but expectations are now elevated. He said the company's improved fundamentals will support its momentum and its refranchising remains ahead of schedule. Geiger raised his price target to $160 from $143 but maintained his Neutral rating on McDonald's shares.
07/26/17
FBCO
07/26/17
NO CHANGE
Target $170
FBCO
Outperform
McDonald's price target raised to $170 from $165 at Credit Suisse
Credit Suisse analyst Jason West raised his price target for McDonald's to $170 from $165 saying he came away from Q2 with higher conviction that recent same-store sales outperformance is sustainable. The analyst reiterates an Outperform rating on the shares.
07/26/17
BARD
07/26/17
NO CHANGE
Target $170
BARD
Outperform
McDonald's price target raised to $170 from $164 at Baird
Baird analyst David Tarantino raised his estimates on McDonald's following Q2 results. The analyst said based on the fundamental outlook, the risk/reward on the stock looks favorable. He cited better than expected comps and positive traffic across all segments. Tarantino reiterated his Outperform rating and raised his price target to $170 from $164 on McDonald's shares.
CG Carlyle Group
$21.85

-0.1 (-0.46%)

05/04/17
KBWI
05/04/17
UPGRADE
Target $23
KBWI
Outperform
Carlyle Group upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Robert Lee upgraded Carlyle Group to Outperform and raised his price target for the shares to $23 from $17.50 citing the "strong" Q1 results and accrued carry.
05/04/17
05/04/17
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. First Solar (FSLR) upgraded to Buy from Neutral at BofA/Merrill with analyst Krish Sankar saying First Solar's execution has improved and said the low cost Series 6 product could lead to better margins starting in the second quarter of 2018. Sankar also told investors First Solar's valuation is attractive and the balance sheet has strengthened. 2. Fogo De Chao (FOGO) upgraded to Buy from Hold at Canaccord with analyst Lynne Collier saying she sees an improved outlook for the overall industry in the next 12-24 months and she has increased confidence in the company's ability to drive market share gains. Collier raised her price target to $20 from $16 on Fogo de Chao shares. 3. Carlyle Group (CG) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee citing the "strong" first quarter results and accrued carry. 4. Regions Financial (RF) upgraded to Buy from Neutral at BofA/Merrill with analyst Erika Najarian saying the market is undervaluing a "significant capital return story" following the year-to-date underperformance relative to peers. The analyst sees upside to the dividend and thinks Regions can return 20% of its market capitalization over the next two years. Her price target of $17 implies 20% upside from current levels. 5. Bunge (BG) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan citing a balanced risk/reward following the 11% post-earnings selloff. The analyst keeps a $70 price target for the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/11/17
FBCO
05/11/17
UPGRADE
Target $23
FBCO
Outperform
Carlyle Group upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Craig Siegenthaler upgraded Carlyle Group to Outperform and maintained a $23 price target. The analyst believes fee-related earnings could expand by 2-3x by 2019-20 as fundraising accelerates, accrued investments generate sizable returns, and sees significant valuation expansion as fundamentals improved.
06/08/17
BOFA
06/08/17
UPGRADE
BOFA
Buy
Carlyle Group upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Michael Carrier upgraded Carlyle Group (CG) to Buy saying the outlook for alternative asset managers is improving following a challenging 2015 and 2016. The analyst highlights "healthy" fundraising, improving returns, and rising distributions for the space. Carrier raised his price target for Carlyle to $21 from $20 while noting that Apollo Global (APO) remains his top pick in the space.

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Celanese

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SPDR Gold Trust

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JAZZ

Jazz Pharmaceuticals

$161.89

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RIG

Transocean

$11.93

0.335 (2.89%)

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Noble Corp.

$6.15

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Capcom

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BBY

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DO

Diamond Offshore

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TSMC

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