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MCD

McDonald's

$157.36

-1.73 (-1.09%)

11:55
07/13/18
07/13
11:55
07/13/18
11:55

McDonald's to halt salad sales at some restaurants due to illness concern

McDonald's stated that it has been in contact with public health authorities from Iowa and Illinois about an increase in Cyclospora infections in those states. Out of an abundance of caution, we decided to voluntarily stop selling salads at impacted restaurants until we can switch to another lettuce blend supplier. We are in the process of removing existing lettuce blend from identified restaurants and distribution centers - which includes approximately 3,000 of our U.S. restaurants primarily located in the Midwest. McDonald's is committed to the highest standards of food safety and quality control. We are closely monitoring this situation and cooperating with state and federal public health authorities as they further investigate. Reference Link

MCD McDonald's
$157.36

-1.73 (-1.09%)

07/11/18
WELS
07/11/18
NO CHANGE
Target $180
WELS
Outperform
McDonald's price target lowered to $180 from $185 at Wells Fargo
Wells Fargo analyst Jon Tower lowered his price target for McDonald's to $180 from $185 ahead of quarterly results. The analyst reiterates an Outperform rating on the shares.
07/11/18
CLVD
07/11/18
DOWNGRADE
CLVD
Neutral
McDonald's downgraded to Neutral from Buy at Cleveland Research
07/11/18
07/11/18
DOWNGRADE

Neutral
Cleveland Research downgrades McDonald's as checks lower confidence in upside
As previously reported, Cleveland Research analyst Steven Gojak downgraded McDonald's to Neutral from Buy after his industry checks led him to believe that its comparable sale results in the second half will trend more in-line with consensus expectations. Gojak, who is still modeling Q2 U.S. comp sales growth of 3.7% for McDonald's, which is above the 3.1% consensus growth view, lowered his 2018 U.S. comp estimate to 3.2% from 3.4%, compared to the consensus of 3.1% growth. He also cut his 2019 comp estimate to up 3%, down from up 3.5% and only slightly above the 2.9% consensus growth estimate.
07/11/18
07/11/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. MCDONALD'S CUT TO NEUTRAL: Cleveland Research analyst Steven Gojak downgraded McDonald's (MCD) to Neutral from Buy after his industry checks led him to believe that its comparable sale results in the second half will trend more in-line with consensus expectations. Gojak, who is still modeling Q2 U.S. comp sales growth of 3.7% for McDonald's, which is above the 3.1% consensus growth view, lowered his 2018 U.S. comp estimate to 3.2% from 3.4%, compared to the consensus of 3.1% growth. McDonald's is down 1% in midday trading. NOMURA INITIATES INTERNET SECTOR: Nomura Instinet initiated coverage on the Americas Internet sector. Nomura Instinet initiated Alphabet Class A (GOOGL), Facebook (FB), and Spotify (SPOT) with Buy ratings, and added that Alphabet and Facebook were the best positioned in this newly regulated industry. It initiated Twitter (TWTR) with a Reduce rating, saying that while it is a "stable long-term asset that has something for everyone," the firm believes the market is pricing in "a significant advertising reacceleration that implies a shift in ad spend," while the firm expects "stability instead of a reacceleration of growth." CREDIT SUISSE POSITIVE ON VERIZON, NEGATIVE ON AT&T: Credit Suisse analyst Douglas Mitchelson initiated Verizon (VZ) with an Outperform rating and a price target of $58. The analyst believes Verizon should benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform." Mitchelson also initiated AT&T (T) with an Underperform rating and a price target of $29. Mitchelson said that AT&T will require greater scale and a shift to global direct-to-consumer distribution, stating that the elevated execution risk under its ownership structure and its wireless business look mature with little chance for stabilization in spite of the coming 5G technology. DISNEY VALUATION NOT COMPELLING: Credit Suisse analyst Douglas Mitchelson initiated Disney (DIS) with a Neutral rating and a price target of $114. The analyst noted that the company is "the best positioned traditional media company", but believes the Street has not sufficiently discounted the costs associated with Disney's push into direct-to-consumer streaming services, adding that FY19 will be extra challenging because of high film comps and major theme park project launches.

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