Credit Suisse Reiterates “Outperform” Rating on McDonald’s; Raises Price Target (MCD)
On Friday, analysts at Credit Suisse reaffirmed their rating fast food giant McDonald’s Corp. (MCD) and boosted its price target.
The analysts maintained an “Outperform” rating on MCD and raised the price target from $102 to $104. This new valuation suggests a 10% upside to Thursday’s closing price of $94.14.
McDonald’s shares were flat during Friday morning trading. The stock is down -6.5% over the past year.
The Bottom Line
Shares of McDonald’s (MCD) have a dividend yield of 3.28% based on Friday’s intraday trading price of $93.90 and the company’s annualized dividend payout of $3.08 per share.
McDonald’s Corp. (MCD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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