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Credit Suisse Cuts Estimates for McDonald’s (MCD)

By
December 11th, 2012

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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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.