Credit Suisse (NYSE:CS) announced today they've added McDonald's (NYSE:MCD) to their "Focus List," while removing Robert Half (NYSE:RHI).
With shares of McDonald's trading at around $75, Credit Suisse said it's a great entry point for investors.
Credit Suisse also noted McDonald's offers "a stable multinational at near-trough valuations when near-term expectations have come down, FX continues to move favorably, and risks to fundamentals are limited."
Credit Suisse maintains an "Outperform" rating on McDonald's, which was trading at $75.07, up $0.39, or 0.52 percent, as of 12:48 PM EST. Credit Suisse has a price target on McDonald's of $87.
No comments:
Post a Comment