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UBS Increases Price Target, Estimates on McDonald’s (MCD)

By
January 18th, 2013

UBS Increases Price Target, Estimates on McDonald's (MCD)

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On Friday UBS analysts said they believe the US market seems to be stabilizing for McDonald’s Corporation (MCD), so the firm increased the price target and earnings estimates on the fast food giant.

UBS backs its “Buy” rating on MCD and now see shares reaching $100. This target suggests an +8.7% upside to Friday’s opening price of $91.96.

McDonald’s share were up slightly during pre-market trading on Friday. The stock is down -9.46% over the past year.

The Bottom Line
Shares of McDonald’s (MCD) have a 3.36% dividend yield, based on last night’s closing stock price of $91.76. The stock has technical support in the $86-$88 price area. If the shares can firm up, we see overhead resistance around the $94 price level.

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.