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0.000174508995145499 6.34578164164794E-05 -0.00120569851191419 -0.00139607196116381 0.00107878287908105 0.00107878287908105 0.00107878287908105 0.00107878287908105
Stock impact report

Bank of America Trims McDonald's (MCD) Target as Oppenheimer Turns Bullish [Yahoo! Finance]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Yahoo! Finance
On January 26, Bank of America trimmed its price target on McDonald's Corporation (NYSE:MCD) to $344 from $348 and kept a Neutral rating on the stock. The adjustment came as the firm fine-tuned estimates across 22 restaurant names in its coverage, with some price targets reset to reflect updated forecasts and valuation multiples. In a separate call earlier this month, Oppenheimer took a very different view. In a January 7 report on CNBC, the firm said McDonald's shares have gone nowhere for a long stretch, creating what it sees as an appealing entry point. Oppenheimer upgraded the stock to Outperform from Perform. Analyst Brian Bittner put a $355 price target on the shares, suggesting roughly 17% upside from current levels. He called the setup a “golden opportunity,” noting that the upgrade came after he had stayed on the sidelines for about two years. Bittner said McDonald's unit growth is being underestimated. The company has continued to hit its 4% growth target, even as many Show less Read more
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