HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES
Zacks Rank    Equity Research    Premium Home    My Account    Help    
Now Available: Top 10 Stocks for 2010

These powerful long-term stocks for 2010 have just been announced. Our top picks for 2009 generated a +34.1% return. Don’t miss out. Learn more now.
Quote:
Login Free Membership
Search:

 
Analyst Blog  

McDonald's Keeps On Cooking

September 10, 2008 | Comments: 0
Recommended this article (1)
MCD
Print    Share

McDonald’s Corp. (MCD - Analyst Report) reported much stronger-than-expected August same-store sales numbers, lapping very strong comparables and surpassing our expectations. We continue to view the stock as a good defensive investment and expect steady mid-to-high-single digit earnings growth, fueled by margin expansion and a trade-down from casual dining in an economically weakening Europe, unit growth in AMPEA, the rollout of high-end coffees system-wide, and share buybacks.

We note that worse-than-expected headwinds from a strengthening dollar, rising beef prices and slowing Asian economies pose downside risks to our estimates.  Nevertheless, we think this stock provides relative safety and moderate growth and yield in a turbulent environment and exposure to faster-growing international markets. Our rating remains Buy with a six-month target price of $68.

Read the full note on MCD


Email

Print

Share

RSS

Rate Pos

Rate Neg

Comment
Free Stock Analysis From Zacks
  Includes Zacks Long-Term Recommendation and Target Price
Read/Post Comments (0) | Recommended this article (1)
 Posting Comment...
There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]
Comments (Limit 1000 Characters - Used: 0)
Display Name: Email Address:  
 Loading Comments...
Be the first to comment on this article!
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
  • Free  Four Zacks #1 Rank "Strong Buy" Stocks
  • Free  Timely Market Commentary
  • Free  Wealth Management Tips
  • Free  Profitable Strategy Screens
  • Free  Bull and Bear Stocks of the Day
Zacks FREE Registration

More Zacks Resources

Market Summary Feb 10, 2010 10:07 am ET
DJIA 10002.26  -56.38 -0.56%
NASD 2137.39  -13.48 -0.63%
S&P 500 1062.69  -7.83 -0.73%