UBS Cuts McDonald’s 2013 Estimates (MCD)

Analysts at USB cut the 2013 earnings estimates for fast food giant McDonald’s Corporation (MCD) on Friday.

McDonald’s estimates were lowered by the USB analysts because of a weak October sales as well as weakening currency.

The price target of MCD is $96 price target, a +12.8% upside from Thursday’s closing price of $85.13.

McDonald’s shares were down 50 cents, or -0.59%, in premarket trading on Friday.

The Bottom Line
Shares of McDonald’s (MCD) have a 3.62% dividend yield, based on last night’s closing stock price of $85.13. The stock has technical support in the $80-$82 price area. If the shares can firm up, we see overhead resistance around the $90 price level.

McDonald’s Corporation (MCD) is not recommended at this time, holding a 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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