McDonald's: Jefferies trims TP
(CercleFinance.com) - Jefferies maintains its Buy rating on McDonald's shares, with a target price reduced from $320 to $310.
The analyst cites a difficult Q2, with EPS and same-store sales in the US and internationally falling below expectations, although perhaps not as bad as investors had feared.
Jefferies also believes that management's tone was quite confident and optimistic about defining the right value equation for H2 2024 and 2025.
In an increasingly promotional environment, we believe that MCD is best positioned to regain value perception and turn around LFL sales as early as Q4, it concludes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The analyst cites a difficult Q2, with EPS and same-store sales in the US and internationally falling below expectations, although perhaps not as bad as investors had feared.
Jefferies also believes that management's tone was quite confident and optimistic about defining the right value equation for H2 2024 and 2025.
In an increasingly promotional environment, we believe that MCD is best positioned to regain value perception and turn around LFL sales as early as Q4, it concludes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.