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MCD

McDonald's

$193.93

-2.71 (-1.38%)

06:30
11/04/19
11/04
06:30
11/04/19
06:30

McDonald's shares attractive on the pullback, says Stephens

The departure of CEO Steve Easterbrook is a "fairly significant negative" for investors, given his history of impressive and consistent global results, Stephens analyst Will Slabaugh tells investors in a research note. The analyst, however, likes the "quick choice" of Chris Kempczinski as the next CEO, given his existing relationships with domestic operators and "leadership experience during some of the U.S.'s best years in decades." Slabaugh likes McDonald's here and views the shares as attractive on the recent pullback. He keeps an Overweight rating on the name with a $225 price target. McDonald's in premarket trading is down 3%, or $5.09, to $188.85.

MCD McDonald's
$193.93

-2.71 (-1.38%)

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".
11/04/19
PIPR
11/04/19
DOWNGRADE
Target $195
PIPR
Neutral
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.

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APTO

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