Seeking Alpha

McDonald's (MCD) is cut from Buy to Hold at Janney with price target lowered to $105 from $115,...

McDonald's (MCD) is cut from Buy to Hold at Janney with price target lowered to $105 from $115, citing "increased concern regarding domestic sales trends relative to consensus." The team trims their June same store sales gain estimates 90 bps to 1.1%. This is the same team which made a great call upgrading MCD late last year just ahead of a big run for the stock. Shares -0.9% premarket.
Comments (4)
  • tomlos
    , contributor
    Comments (1211) | Send Message
     
    Whatever the price is, I'm a happy owner in the $80's. Thank you MCD.
    17 Jul 2013, 08:07 AM Reply Like
  • Chazuu
    , contributor
    Comments (168) | Send Message
     
    Quoth Szymond Prognostowicz--
    "Buy low. Sell high."
    17 Jul 2013, 08:21 AM Reply Like
  • tampabay
    , contributor
    Comments (321) | Send Message
     
    Either way not much left on the topside....Happy to be in MCD
    17 Jul 2013, 08:37 AM Reply Like
  • ralph111
    , contributor
    Comments (172) | Send Message
     
    products r overpriced and downsized the only good sandwich they gave up the angus burger
    18 Jul 2013, 09:18 PM Reply Like
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