Analysts At Credit Suisse Raise Price Target on McDonalds' Stock Amid Disappointment From Management

The target price of the food company has been risen by the analysts of the equity firm, even though, there still are quite a lot of management issues in the company.

McDonald’s Corporation has been under a lot of speculation from investors and shareholders along with analysts who are looking at the stock of the firm very closely. In a recent research report, the financial analysts of equity firm Credit Suisse made coverage on the fast food chain and were seen to have increased the target on the share price from the one that they gave previously. Even though such changes were made by the prominent equity analysts, the share price for the day remained to trade on a lower level. As for the latest recorded, the stock price was noted down at $95.81 which shows a drop of around 0.35% as compared to the day before.

The analysts of Suisse raised the price target on McDonald’s (MCD) stock to $100 per share, an increment that was made by $1. On the other hand, the firm also ended up given a ‘neutral’ rating to the company.

However, the equity company does not seem to be satisfied with the kind of management plans that McDonald’s restaurant has been recently seen carrying out after the serious crisis that it was thrown into. The equity firm believes that the steps that were needed to pull the fast food chain out of the troublesome times were not taken correctly, something that ended up being a disappointment for the analysts and investors who thought that the company is going to turn it around and walk out of the difficult times easily. The food company did not do much to make its performance better which made the analysts believe that if no proper strategies are followed, majority of the investors will be reluctant to be a part of the stock of the firm.

Even though the analysts at Suisse believe that McDonald’s plans to bring about a change seem to be just about right, but the fact that these plans are not as big as what is needed right now is what is going to put it in trouble. Adding to the misery of the investors, the company has not been very clear about when and how it is going to carry out the plans that are much needed for the recovery of the losses so far witnessed.

As for the consensus ratings of analysts on the company’s activities, most of them have suggested a ‘neutral’ rating to the shares. According to Bloomberg, around 22 analysts have presented a ‘hold’ rating to the shares while eight financial firms have granted a ‘buy’ rating to the shares of the fast-food chain firm.