McDonald's Value-First Push Fails To Spur Multiple Expansion: Analyst

McDonald’s Corporation MCD shares slipped Thursday as an analyst warned that its value-first push may fail to drive U.S. comp revisions or multiple expansion.On Aug. 6, the fast food company reported second-quarter adjusted earnings per share of $3.19, beating the analyst consensus estimate of $3.14. Quarterly sales of $6.843 billion outpaced the Street view of $6.682 billion.TD Cowen analyst Andrew M. Charles reiterated the Hold rating, raising the price forecast from $305 to $315.McDonald's intensified fo ...