McDonald's Corp MCD:NYSE

Last Price$248.92NYSE Previous Close - Last Trade as of 7:00PM ET 11/29/21

Today's Change-1.09(0.44%)
Bid (Size)$250.55 (1)
Ask (Size)$251.40 (4)
Day Low / High$249.83 - 252.32
Volume2.1 M

BofA Reinstates McDonald's Coverage at Neutral Amid Evenly Balanced Risk-Reward Profile

4:06PM ET 9/07/2021 MT Newswires
BofA Securities has reinstated McDonald's (MCD) coverage at neutral, viewing the risk-reward profile as evenly balanced, and set a price objective of $270.

"Stability is very attractive when in times of industry distress but in the current robust demand environment, stability acts as a governor on upside leverage," the investment firm said. "Given our expectation that U.S. same store sales growth - which tend to drive the multiple - will decelerate, we do not see an argument for significant multiple expansion ahead."

BofA expects McDonald's to post same store sales growth of 3%-4% over time, but there could be downside risk if consumers move spending back to full service.

Price: 236.36, Change: -2.46, Percent Change: -1.03