Fly News Breaks for June 14, 2019
Jun 14, 2019 | 05:58 EDT
Stifel analyst Chris O'Cull raised his price target for McDonald's to $200 from $190 following recent channel checks and conversations with management. The analyst believes McDonald's domestic same-restaurant-sales momentum has likely continued in Q2, driven principally by check average growth of 4%-5%. Further, delivery is likely to become a more meaningful contributor to domestic sales gains, O'Cull tells investors in a research note. The analyst, however, keeps a Hold rating on McDonald's due to valuation.
News For MCD From the Last 2 Days
Jul 22, 2019 | 08:24 EDT
Longbow analyst Alton Stump said his check with U.S. McDonald's franchisees leads him to predict same-store sales were up 4.5%-5.0% in Q2, making him confident McDonald's will beat the Q2 U.S. same-store sales growth consensus forecast of 4.3%. However, he believe this type of comp beat is already reflected in current sentiment and he keeps a Neutral rating on McDonald's shares.