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MCD

McDonald's

$193.93

-2.71 (-1.38%)

, CMG

Chipotle

$768.47

-9.67 (-1.24%)

06:04
11/04/19
11/04
06:04
11/04/19
06:04

McDonald's downgraded to Neutral from Overweight at Piper Jaffray

Piper Jaffray analyst Nicole Miller Regan downgraded McDonald's (MCD) to Neutral from Overweight with a price target of $195, down from $224. The stock in premarket trading is down 2%, or $4.35, to $189.59 after CEO Steve Easterbrook was let go due to a consensual relationship with employee. While the company's fundamentals are solid, CEO changes "of this magnitude tend to be disruptive," Regan tells investors in a research note. As such, the analyst is taking a "more cautionary view" on the shares, noting the potential lack of momentum and time involved in formalizing a new management team. She recommends a rotation into Chipotle Mexican Grill (CMG) shares.

MCD

McDonald's

$193.93

-2.71 (-1.38%)

CMG

Chipotle

$768.47

-9.67 (-1.24%)

  • 12

    Nov

MCD McDonald's
$193.93

-2.71 (-1.38%)

10/23/19
WELS
10/23/19
NO CHANGE
Target $222
WELS
Outperform
McDonald's price target lowered to $222 from $235 at Wells Fargo
Wells Fargo analyst Timothy Willi maintained an Outperform rating on McDonald's and lowered his price target to $222 from $235 following the company's Q3 earnings report, saying that while "rumblings" of a softer-than-expected Q3 U.S. comp came to fruition, he continues to believe McDonald's is investing behind all the key ingredients to drive sustainable, long-term growth in the company's home market and globally. The analyst tells investors that he remains constructive on the shares as McDonald's invests behind global initiatives to improve throughput, build check and enhance overall communication with consumers at a rate that few can replicate.
10/23/19
MKMP
10/23/19
NO CHANGE
Target $240
MKMP
Buy
McDonald's price target lowered to $240 from $250 at MKM Partners
MKM Partners analyst Brett Levy lowered his price target on McDonald's to $240 after its Q3 results, saying that while U.S. comps were relatively stable, commodity and labor inflation have increased cost pressures and required higher pricing. The analyst is keeping his Buy rating on the stock and sees the company as well positioned to benefit from its image upgrades and the integration of digital initiatives, but notes that the 2-year stacks decelerated from trend while incremental spending pressured profitability.
10/23/19
KEYB
10/23/19
NO CHANGE
Target $225
KEYB
Overweight
McDonald's price target lowered to $225 from $235 at KeyBanc
KeyBanc analyst Eric Gonzalez lowered his price target for McDonald's to $225 from $235 and maintained an Overweight rating following the company's Q3 results. In a research note to investors, Gonzalez says that while Q3 global SSS growth was largely in line with his forecast, his reduced 2020 EPS estimate of $8.40 assumes technology investments, elevated depreciation, and other one-time costs will result in EPS growth in 2020 that is slightly below the company's long-term, high-single-digit algorithm.
10/29/19
DADA
10/29/19
NO CHANGE
Target $84
DADA
Underperform
Beyond Meat price target lowered to $84 from $130 at DA Davidson
DA Davidson analyst Brian Holland slashed his price target on Beyond Meat (BYND) to $84 and kept his Underperform rating after its Q3 results. The analyst notes that the quarter saw a "strong beat" and a raise in guidance, with the company's execution causing him to "back off" from prior concerns about its partnership with McDonald's (MCD). Holland maintains however that the long-term caution about the growth trajectory at Beyond Meat still exists, even though the valuation on the stock is getting "more palatable".
CMG Chipotle
$768.47

-9.67 (-1.24%)

10/23/19
OPCO
10/23/19
NO CHANGE
Target $625
OPCO
Underperform
Chipotle price target raised to $625 from $525 at Oppenheimer
Oppenheimer analyst Brian Bittner raised his price target for Chipotle to $625 from $525 following quarterly results, with same-store sales continuing to showcase boosts from digital/delivery trends. While Q4 appears off to a "solid start," the analyst notes that the test against more difficult comparisons begins in December and into 2020. He reiterates an Underperform rating on the shares.
10/23/19
FBCO
10/23/19
NO CHANGE
Target $930
FBCO
Outperform
Chipotle price target raised to $930 from $880 at Credit Suisse
Credit Suisse analyst Lauren Silberman raised her price target for Chipotle to $930 from $880 after the company delivered "another strong quarter" as the brand continues to execute against the top and bottom lines. The analyst reiterates an Outperform rating on the shares.
10/23/19
JEFF
10/23/19
NO CHANGE
Target $850
JEFF
Hold
Chipotle price target raised to $850 from $820 at Jefferies
Jefferies analyst Andy Barish raised his price target for Chipotle Mexican Grill to $850 from $820 citing the "strong" Q3 results. Chipotle's fundamentals are among the best in class, but this is already reflected in the valuation, Barish tells investors in a research note. The analyst views the stock as fairly valued and keeps a Hold rating on Chipotle.
10/23/19
KEYB
10/23/19
NO CHANGE
Target $900
KEYB
Overweight
Chipotle price target raised to $900 from $870 at KeyBanc
KeyBanc analyst Eric Gonzalez maintained an Overweight rating on Chipotle and raised his price target to $900 from $870 following the company's Q3 results, which featured better than expected sales and profitability.

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GDI

Gardner Denver

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GDI

Gardner Denver

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DTCWY

Deutsche Wohnen

$0.00

(0.00%)

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SEGXF

Segro

$0.00

(0.00%)

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Segro rating change at Goldman Sachs »

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BORR

Borr Drilling

$6.60

0.46 (7.49%)

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INSG

Inseego

$6.89

-0.05 (-0.72%)

19:26
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Syndicate
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FTSV

Forty Seven

$30.44

16.04 (111.39%)

19:25
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Conference/Events
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ARQL

ArQule

$19.71

10.035 (103.77%)

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XNCR

Xencor

$41.41

0.39 (0.95%)

19:25
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Conference/Events
Xencor to host analyst & investor meeting »

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    Dec

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ABR

Arbor Realty

$14.78

(0.00%)

19:20
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Arbor Realty 6.5M share Spot Secondary priced at $14.14 »

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  • 10

    Dec

STRM

Streamline Health

$1.25

-0.04 (-3.10%)

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NLOK

NortonLifeLock

$25.43

-0.02 (-0.08%)

, INTC

Intel

$56.52

-0.28 (-0.49%)

18:55
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Periodicals
McAfee weighs combination with NortonLifeLock, WSJ reports »

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NortonLifeLock

$25.43

-0.02 (-0.08%)

INTC

Intel

$56.52

-0.28 (-0.49%)

AVGO

Broadcom

$314.49

-1.68 (-0.53%)

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TGTX

TG Therapeutics

$9.28

2.17 (30.52%)

18:55
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Conference/Events
TG Therapeutics to host investor & analyst meeting »

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  • 09

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NTNX

Nutanix

$33.87

-0.725 (-2.10%)

18:41
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Nutanix CEO: We are transitioning to a subscription-based model »

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SFIX

Stitch Fix

$25.17

1.04 (4.31%)

, MDB

MongoDB

$131.03

-0.19 (-0.14%)

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$25.17

1.04 (4.31%)

MDB

MongoDB

$131.03

-0.19 (-0.14%)

PHR

Phreesia

$29.01

-0.09 (-0.31%)

CDMO

Avid Bioservices

$5.85

0.05 (0.86%)

MTN

Vail Resorts

$231.30

-1.43 (-0.61%)

TOL

Toll Brothers

$41.40

0.515 (1.26%)

EQ

Equillium

$4.00

-0.03 (-0.74%)

SUPN

Supernus

$22.69

-0.145 (-0.63%)

A

Agilent

$81.68

-0.545 (-0.66%)

HEPA

Hepion Pharmaceuticals

$5.61

0.4 (7.68%)

ROAD

Construction Partners

$20.56

0.66 (3.32%)

CASY

Casey's General Stores

$175.33

-0.47 (-0.27%)

CHWY

Chewy

$24.17

-0.76 (-3.05%)

LVGO

Livongo Health

$27.40

-0.6 (-2.14%)

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BLUE

Bluebird Bio

$76.72

-2.79 (-3.51%)

, BMY

Bristol-Myers

$61.32

1.38 (2.30%)

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  • 09

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BA

Boeing

$351.25

-2.74 (-0.77%)

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  • 10

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OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

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OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

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  • 09

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EDIT

Editas Medicine

$30.34

-0.6 (-1.94%)

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MSB

Mesabi Trust

$23.93

0.71 (3.06%)

, CLF

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FFBC

First Financial Bancorp

$24.67

0.12 (0.49%)

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GPRE

Green Plains

$14.26

-0.49 (-3.32%)

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