Credit Suisse Reiterates “Outperform” Rating on McDonald’s; Raises Price Target (MCD)

On Friday, analysts at Credit Suisse reaffirmed their rating fast food giant McDonald’s Corp. (MCD) and boosted its price target.

The analysts maintained an “Outperform” rating on MCD and raised the price target from $102 to $104. This new valuation suggests a 10% upside to Thursday’s closing price of $94.14.

McDonald’s shares were flat during Friday morning trading. The stock is down -6.5% over the past year.

The Bottom Line
Shares of McDonald’s (MCD) have a dividend yield of 3.28% based on Friday’s intraday trading price of $93.90 and the company’s annualized dividend payout of $3.08 per share.

McDonald’s Corp. (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.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here