Analysts’ Actions: Fast Food Company Faces China Trouble, Mexican Restaurant Looks Solid

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.

Subscribe to TheStreetTV on YouTube:

For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:

source