McDonald's: Credit Suisse is getting more optimistic.
(CercleFinance.com) - Credit Suisse analysts have raised their target price on McDonald's from 157 dollars to 165 dollars on Thursday, saying that the fast-food chain's channel checks suggest "continued momentum.
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The brokerage firm - which has also raised its estimates on the company - said contacts sounded more optimistic regarding long-term initiatives, such as mobile order and pay, fresh beef, chicken upgrades, and remodels.
"Initial delivery results have met or exceeded our contacts' expectations," Credit Suisse adds, taking the opportunity to reiterate its "outperform" rating.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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The brokerage firm - which has also raised its estimates on the company - said contacts sounded more optimistic regarding long-term initiatives, such as mobile order and pay, fresh beef, chicken upgrades, and remodels.
"Initial delivery results have met or exceeded our contacts' expectations," Credit Suisse adds, taking the opportunity to reiterate its "outperform" rating.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.