Credit Suisse Reviews 4 Restaurant Stocks
TipRanks | Mar 12, 2015 08:55AM ET
On Tuesday, March 10, analyst
McDonald's Corporation (NYSE:MCD)
Jason West initiated coverage on McDonald’s with a Neutral rating and a $99 price target. West noted an “attractive dividend yield” and “potential strategic changes and improved execution under new CEO Steve Easterbrook,” who took over this month and will be in charge of turning around the fast food company’s sluggish sales and unhealthy reputation. West noted other challenges in turning around the company, such as simplifying McDonald’s sprawling menu, competing with the growing fast casual sector, and more ingrained “secular headwinds around food consumption.”
Jason West has rated MCD 14 times since April 2009 with a 62% success rate recommending the iconic fast food restaurant and a +4.0% average return per recommendation.
The top analyst consensus for McDonald’s on TipRanks is Hold.
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