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