Credit Suisse Cuts Estimates for McDonald's (MCD)

Credit Suisse Cuts Estimates for McDonald’s (MCD)

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Credit Suisse reported on Tuesday that they have reduced estimates for fast food chain, McDonald’s Corporation(MCD).

The firm has lowered its estimates for MCD through 2014 due to a decline in franchise margins during October and November. Analysts have given the company a rating of “Outperform,” and a price target of $100. This price target suggests a 10% increase from the stock’s current price of $89.26.

McDonald’s shares were mostly flat during Tuesday morning trading. The stock is down -11% YTD.

The Bottom Line
Shares of McDonald’s (MCD) have a 3.44% dividend yield, based on last night’s closing stock price of $89.41. The stock has technical support in the $84 price area. If the shares can firm up, we see overhead resistance around the $90-$92 price levels.

McDonald’s Corporation(MCD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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