Australia markets open in 49 minutes

Analyst Thinks McDonald’s Can Be a $210 Stock Again

Rich Duprey, The Motley Fool
Analyst Thinks McDonald’s Can Be a $210 Stock Again

McDonald's (NYSE: MCD) was one of the business surprises of the COVID-19 pandemic, and not necessarily in a good way. Longbow analyst Alton Stump said things weren't much better in April with same-store sales down 15%, but over the first three weeks of May they've improved to negative 5%, and he thinks the fast-food giant will rebound more quickly than its rivals. McDonald's will benefit, because it's centered around the drive-thru window, which generates about 70% of its business.