Analysts: McDonald’s Will Recover Later in the Year and 2 Other Analyst Notes To Read Now
McDonald’s (NYSE:MCD): McDonald’s valuation range has been raised to between $110 and $115 from between $100 and $105 by Wells Fargo, which expects the company’s global same-store sales growth to trough in the first quarter before increasing in each of the next three quarters. The firm keeps an Outperform rating.
Capital One Financial (NYSE:COF): Capital One and other credit card companies should be boosted by credit trends, according to Stifel. The firm believes that credit card results released on Monday showed better-than-expected delinquency trends, which should enable card companies to report strong results. The firm sees the best risk/reward in Capital One, though it also likes Discover Financial (NYSE:DFS). Stifel keeps a Buy rating on Capital One shares.
Baidu (NASDAQ:BIDU): Baidu is continuing to lose market share, according to Maxim. Internet data collector CNZZ reported that Baidu’s traffic share declined from 71.7 percent in December 2012 to 70.3 percent in March, forcing Maxim to lower its price target on the company to $75 from $80. It keeps a Sell rating on the stock.
Don’t Miss: McDonald’s Delivers an UnHappy Meal.