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MCD

McDonald's

$198.36

-1.82 (-0.91%)

, QSR

Restaurant Brands

$69.14

0.43 (0.63%)

12:20
05/23/19
05/23
12:20
05/23/19
12:20

McDonald's not planning to add plant-based burger to menu, CNBC reports

McDonald's (MCD) executives said at its annual shareholders meeting that the company is monitoring plant-based meat substitutes, but is not currently planning to add a plant-based burger to its menu, CNBC's Amelia Lucas reports. Silvia Lagnado, the company's global chief marketing officer and director of its menu, commented "We obviously have to assess whether consumer demand at what level we believe would be sustained and make the right decision based on how the model works and the important complex considerations of our restaurant." Restaurant Brands' (QSR) Burger King is looking to roll out an Impossible Whopper nationwide by the end of the year, while Beyond Meat (BYND) sells a version of its plant-based burger to Carl's Jr. and TGI Fridays, among other restaurants. Reference Link

MCD

McDonald's

$198.36

-1.82 (-0.91%)

QSR

Restaurant Brands

$69.14

0.43 (0.63%)

BYND

Beyond Meat

$81.73

4.23 (5.46%)

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    Jun

MCD McDonald's
$198.36

-1.82 (-0.91%)

05/01/19
RHCO
05/01/19
NO CHANGE
Target $230
RHCO
Buy
McDonald's price target raised to $230 from $200 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on McDonald's to $230 and kept his Buy rating after its Q1 results, saying the stock should see continued upside given its "broad-based SSS strength." The analyst also raises his FY19 U.S. comps forecast to 4.5% from 3.5% - the strongest since 2011 - with a positive view on the company's delivery and menu innovation initiatives.
05/01/19
05/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. McDonald's (MCD) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying while the company's "impressive" U.S. comp growth in Q1 increases his confidence in comps over the last three quarters of the year, he also believes the stock reflects his favorable view with shares trading near his prior price target of $200. 2. Sabre (SABR) downgraded to Market Perform from Outperform at William Blair with analyst Matthew Pfau saying that while the company outperformed in Q1, it lowered guidance across all headline metrics. 3. Alkermes (ALKS) downgraded to Neutral from Buy at Citi with analyst Liav Abraham saying while the positive Phase 3 data for ALKS 3831 in Q4 support a constructive view on the compound, there are not "sufficient meaningful catalysts to drive material upside" in the stock for the remainder of 2019. 4. Tile Shop (TTS) downgraded to Neutral from Buy at Citi with analyst Geoffrey Small saying the company's turnaround "showed encouraging progress" in the second half of 2018, but the Q1 results "represented a sizeable step back." 5. Cummins (CMI) downgraded to Hold from Buy at Loop Capital with analyst Jeffrey Kauffman saying he believes good news is mostly priced into the shares at current valuation levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/01/19
BTIG
05/01/19
NO CHANGE
Target $220
BTIG
Buy
McDonald's price target raised to $220 from $200 at BTIG
BTIG analyst Peter Saleh raised his price target on McDonald's to $220 and kept his Buy rating after its Q1 results, saying the company's menu strategy shift has boosted comps. The analyst expects the increased menu focus on "bundles and full price items" - away from deep discounts - to drive higher U.S. average check for the next couple of quarters. Saleh adds that he is "encouraged by the direction of franchisee cash flow" in spite of his disappointment over negative traffic trends.
05/21/19
CLVD
05/21/19
NO CHANGE
CLVD
Neutral
McDonald's Q2-to-date U.S. comps ahead of consensus, says Cleveland Research
Cleveland Research analyst Steven Gojak raised his Q2 U.S. comp growth estimate for McDonald's after his checks indicated that the quarter has gotten off to a good start. The analyst, who thinks Q2 comp growth to date is running ahead of consensus expectations in the U.S., has a Neutral rating on McDonald's shares.
QSR Restaurant Brands
$69.14

0.43 (0.63%)

05/13/19
LBOW
05/13/19
DOWNGRADE
LBOW
Underperform
Restaurant Brands downgraded to Underperform from Neutral at Longbow
05/16/19
SPHN
05/16/19
NO CHANGE
Target $75
SPHN
Overweight
Stephens sees no reason to doubt Restaurant Brands' 40K unit growth target
Following Restaurant Brands' investor day meeting, Stephens analyst Will Slabaugh said he sees no reason to doubt the company's 40,000 unit growth target or "a continuation of strong FCF conversion along the way" given management's "impressive" track record. The analyst, who still views the shares as attractive and expects the investor day presentation to help longer-term investors steadily become more interested, keeps an Overweight rating and $75 price target on Restaurant Brands shares.
05/13/19
LBOW
05/13/19
DOWNGRADE
Target $55
LBOW
Underperform
Restaurant Brands cut to Underperform on franchisee unrest at Longbow
As previously reported, Longbow analyst Alton Stump downgraded Restaurant Brands to Underperform from Neutral, telling investors that his latest talks with domestic Burger King franchisees points to "a significant level of discord" between corporate and franchisees related to the company's recently more aggressive discounting strategy. Comparable sales growth at the brand has decelerated from nearly 4% average growth in the second half of 2017 and early 2018 to be flattish over the last three quarters as corporate has not yet been able to meaningfully upgrade its everyday value platform, said Stump. Though the relationship between corporate and Tim Hortons franchisees in Canada has improved, his franchisee contacts were disappointed with comp performance in Q1, added the analyst, who set a $55 price target on the stock.
05/09/19
05/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Booz Allen (BAH) initiated with a Buy at Goldman Sachs. 2. CACI (CACI) initiated with a Buy at Goldman Sachs. 3. SAIC (SAIC) initiated with a Neutral at Goldman Sachs 4. Avista (AVA) initiated with an Underperform at BofA/Merrill. 5. Restaurant Brands (QSR) initiated with a Hold at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BYND Beyond Meat
$81.73

4.23 (5.46%)

05/06/19
BERN
05/06/19
INITIATION
BERN
Outperform
Beyond Meat initiated with an Outperform at Bernstein
05/03/19
BMOC
05/03/19
UPGRADE
BMOC
Outperform
Maple Leaf Foods upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Peter Sklar upgraded Maple Leaf Foods (MLFNF) to Outperform from Market Perform and raised his price target for the shares to C$39 from C$31. Following the initial public offering of Beyond Meat (BYND), the analyst believes investors could "readily attribute" a valuation of at least $1B to Maple Leaf's plant-based businesses. As such, he sees potential valuation upside from current share levels.
05/20/19
CEDG
05/20/19
INITIATION
CEDG
Equal Weight
Beyond Meat initiated with an Equal Weight at Consumer Edge
05/20/19
05/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Canada Goose (GOOS) initiated with a Buy at HSBC. 2. OneSpaWorld (OSW) initiated with a Buy at Jefferies. 3. Zoom Video (ZM) initiated with an Outperform at William Blair. 4. Beyond Meat (BYND) initiated with an Equal Weight at Consumer Edge. 5. FMC Corporation (FMC) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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OSPN

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CMBM

Cambium Networks

$0.00

(0.00%)

21:29
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Syndicate
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VICI

VICI Properties

$21.80

-0.52 (-2.33%)

21:27
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Syndicate
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Conference/Events
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GIS

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0.04 (0.07%)

, PAYX

Paychex

$84.76

-1.41 (-1.64%)

20:25
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Earnings
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BAX

Baxter

$81.71

-0.58 (-0.70%)

19:32
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Initiation
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FB

Facebook

$188.87

-3.69 (-1.92%)

19:21
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Periodicals
Brazil court reduces fine for Facebook's refusal to share data, Reuters says »

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PCG

PG&E

$21.62

-0.02 (-0.09%)

19:01
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Periodicals
PG&E bondholders seek control of utility's bankruptcy, SVBJ reports »

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KMI

Kinder Morgan

$20.58

-0.58 (-2.74%)

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MU

Micron

$32.71

-0.47 (-1.42%)

, FDX

FedEx

$156.00

-4.88 (-3.03%)

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MU

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$32.71

-0.47 (-1.42%)

FDX

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AVAV

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GBT

Global Blood Therapeutics

$62.42

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18:15
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General news
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CMCSA

Comcast

$42.75

-0.85 (-1.95%)

, CMCSK

Comcast

$0.00

(0.00%)

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NBC to pull 'The Office' from Netflix in 2021, CNBC says »

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CMCSA

Comcast

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-0.85 (-1.95%)

CMCSK

Comcast

$0.00

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NFLX

Netflix

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FDX

FedEx

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FDX

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QD

Qudian

$8.46

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FDX

FedEx

$156.00

-4.88 (-3.03%)

, AMZN

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FDX

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AMZN

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FDX

FedEx

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FDX

FedEx

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-4.88 (-3.03%)

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FDX

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FDX

FedEx

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17:43
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FDX

FedEx

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FDX

FedEx

$156.00

-4.88 (-3.03%)

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