McDonalds: Jefferies still a buyer - ups target price
(CercleFinance.com) - Jefferies confirms its "buy" rating on the McDonalds share, having increased its corresponding target price from 230 dollars to 245 dollars, the day after the group announced Q4 results that included better-than-expected EPS and sales at constant stores that just beat estimates.
"We suspect investors will be placated by mgmt confidence in on-trend '20 EPS growth despite known cost headwinds," the broker says in its report on the fast food restaurant chain.
Jefferies adds that, "We continue to prefer MCD to its asset-lite peers for visible SSS, defensive qualities, and attractive relative valuation".
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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.
"We suspect investors will be placated by mgmt confidence in on-trend '20 EPS growth despite known cost headwinds," the broker says in its report on the fast food restaurant chain.
Jefferies adds that, "We continue to prefer MCD to its asset-lite peers for visible SSS, defensive qualities, and attractive relative valuation".
Copyright (c) 2020 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.