In Thursday’s Analysts’ Actions, Wall Street analysts are giving Nike (NKE), McDonald’s (MCD), and Chipotle Mexican Grill (CMG) a thumbs up. D.A. Davidson upgraded Nike to BUY from NEUTRAL with a $140 price target. The company had a strong fiscal year 2015 and its earnings growth potential in 2016 looks ‘promising as ever.’ Investors will reap the benefits as the brand continues to get stronger. Analysts added that the company deserves a premium valuation. In another note, SunTrust began coverage of McDonald’s with a BUY rating and a $117 price target. The firm applauded CEO Steve Easterbrook, and said he has a track record for successfully turning-around companies. The testing of its new ‘Lovin’ Value Menu,’ which offers consumers a range of small side plates, is a big positive for the company. Last, the same firm started coverage of Chipotle with a BUY rating and an $850 price target. Analysts said the company has more sales levers than in the past, thanks to marketing and new initiatives. Overall, strong same-store sales are expected to boost Chipotle’s sales growth. The firm is bullish as it appears that the company will perform well in 2016. TheStreet’s U-Jin Lee reports in New York.
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
