It’s a fast food face-off with revisions to McDonald’s, Yum! Brands and Chipotle, all in Wednesday’s Analysts’ Actions. Credit Suisse initiated coverage of McDonald’s with a NEUTRAL rating and $99 price target. The firm said while it is optimistic over strategic changes under its new CEO, the chain faces sluggish near-term growth trends. Yum! Brands fared no better with the firm starting coverage with an UNDERPERFORM rating and $74 price target. Pace of recovery at its key China business will likely be slower than forecast. Chipotle got a thumbs-up from Credit Suisse, initiated with an OUTPERFORM rating and $785 price target.
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