Mc Donalds: Jefferies upgrades rating.
(CercleFinance.com) - Broker Jefferies has upgraded its “hold” rating on the McDonalds stock to "buy," while raising its target price from 150 dollars to 200 dollars, deeming it "well-positioned in the current environment to continue to outperform".
"The transformation of McDonald's ownership (refranchising), and use of data and technology (digital/delivery/EOTF) should attract a higher multiple over time," the broker said.
Jefferies has raised its 2018 EPS estimate for the fast-food chain from 6.67 dollars to 6.92 dollars, and forecasts 7.68 dollars, which exceeds the consensus for the next fiscal year.
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.
"The transformation of McDonald's ownership (refranchising), and use of data and technology (digital/delivery/EOTF) should attract a higher multiple over time," the broker said.
Jefferies has raised its 2018 EPS estimate for the fast-food chain from 6.67 dollars to 6.92 dollars, and forecasts 7.68 dollars, which exceeds the consensus for the next fiscal year.
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.