McDonald's: stock down, as UBS cuts guidance

(CercleFinance.com) - McDonald's was one of the Dow Jones index's biggest decliners on Friday morning on Wall Street, as the fast-food giant's stock was penalized by cautious comments from UBS.


In its note, the research firm explains that it is concerned about the repercussions of the economic slowdown on the business of the world's leading fast-food company.

UBS points out that its research reveals increased pressure on fast-food chains, in particular due to prices that consumers think are "too high".

As a result, UBS has lowered its TP for the stock from $340 to $335, even though analysts are still buyers.

According to UBS, McDonald's remains well positioned in its market and should resist the difficulties encountered internationally, and even take advantage of them to gain new market share.

The stock closed down 1.3% on Friday, compared with a gain of 0.8% for the Dow Jones index.


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