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Fly News Breaks for May 21, 2019
May 21, 2019 | 09:24 EDT
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.
News For MCD From the Last 2 Days
Jun 25, 2019 | 11:00 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. CITI UPGRADES GRUBHUB... To see the rest of the story go to See Story Here
Jun 25, 2019 | 10:18 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rockwell Medical (RMTI) initiated with an Overweight at Cantor Fitzgerald. 2. Hamilton Lane (HLNE) initiated with a Perform at Oppenheimer. 3. Pyxus (PYX) initiated with an Outperform at Imperial Capital. 4. SpartanNash (SPTN) initiated with a Buy at Loop Capital. 5. Shake Shack (SHAK), Chipotle (CMG) and McDonald's (MCD) initiated with an Outperform at Credit Suisse. Yum! Brands (YUM) initiated with a Neutral and Jack in the Box (JACK) initiated with an Underperform. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Jun 25, 2019 | 07:26 EDT
As previously reported, Citi analyst Mark May upgraded GrubHub (GRUB) to Buy from Neutral and increased his price target on the stock to $91 from $75, citing five primary factors he sees to be more bullish on the stock. Those include data that suggests that GrubHub may be in early tests with McDonald's (MCD), Starbucks (SBUX) and other large chains; his belief that the stock's multiple will expands if investors reward the company for new chain deals; GrubHub's ability to grow Gross Food Sales in the 20% range, which should allow it to hit its Q4 EBITDA/order guidance; a new driver pay formula that could benefit margins; and robust growth in the overall online food delivery market.