- Bank of America raised its McDonald’s price target to $250 per share from $225 per share, citing consumers who are “tired of their own cooking” and flocking to fast food drive-thrus.
- In a note on Monday a team of BofA analysts also raised their McDonald’s earnings estimates for next year.
- The analysts added that the fast food giant’s partnership with Travis Scott demonstrated its ability to launch well thought-out, minimally complex strategies.
Bank of America reiterated its “buy” rating for McDonald’s and raised its price objective to $250 per share from $225 on Monday. BofA also raised its 2021E earnings-per-share estimate for McDonald’s up to $8.30 from $8.20 on “better sales expectations.”
“The quick service segment as a whole has seen greater demand during COVID-19 than pre-pandemic as consumers [grew] tired of their own cooking and leaned into drive-thru and off-premise for engagement with restaurants,” a team of BofA analysts said on Monday.
The analysts pointed out that the fast food giant’s sales underperformed some of its domestic peers’ because of pressure in its international franchises — many restaurants overseas lack drive-thrus, and foot-traffic during the pandemic was low. However, they added: “A sharp recovery for MCD int’l in July encouraged us that the company can largely offset challenges in certain int’l markets with solid current U.S. performance.”
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Bank of America also noted that the restauarnt’s recent partnership with rapper Travis Scott demonstrated that its strategies are “well thought out to build-long term traction with minimal complexity.” The Travis Scott Meal attracted younger consumers and used an existing product, the Quarter
With technology along come cool gadgets. Other than an echo downside; which turned out to be as a result of I had the amount settings on too excessive, and which I resolved through the use of MagicJack’s “troubleshooting” function on their website); I’ve had no issues with the system, the existing installation, or the corporate.
The EZ-Find is a handheld distant gadget with LIQUID CRYSTAL DISPLAY display screen this unit will track as much as 25 objects including gameboys, telephones, DS’s cameras, wallets, pets and of course anything else you might lose upon event. The purpose is, if you’re considering buying a second-hand MagicJack these are things chances are you’ll want to ask earlier than you do, notably if you’re going to be paying for several years of service already on the machine.
Most individuals overlook that a printed ebook is an data know-how gadget,invented about 600 years ago. Most necessary, it could wifi stored on any smartphone, easy carry and skim. Amazon’s FreeTime functionality is relatively easy for both parents and youngsters to make use of, but there are a handful of frequent issues folks have with the feature.
I’d never paid a lot attention to that icon, which can seem in different colours, relying on whether your location (for 911 functions ) is on document with Magic Jack and whether Magic Jack 911 service is accessible in your space.
I don’t understand how that issues if I can sell my MagicJack to any Tom, Dick, or Harry; give them the password, and consider (in my “psychological data”) them “proprietor”. It occurred to me to re-write the MagicJack Hub with a title that did not ship such a destructive message about customer support; but the reality is that I, and others who’ve commented, did have the negative experiences talked …