Analysts have been eager to weigh in on the Services sector with new ratings on McDonald’s Corp (NYSE:MCD) and Wal-Mart Stores Inc (NYSE:WMT).
McDonald’s Corp (MCD)
RBC Capital analyst David Palmer maintained a Buy rating on McDonald’s Corp today and set a price target of $175. The company’s shares opened today at $161.73.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 9.6% and a 68.9% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hostess Brands Inc, and Pinnacle Foods.
Currently, the analyst consensus on McDonald’s Corp is a Moderate Buy with an average price target of $183.27.
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Wal-Mart Stores Inc (WMT)
In a report released today, Seth Sigman from Credit Suisse maintained a Hold rating on Wal-Mart Stores Inc, with a price target of $85. The company’s shares opened today at $98.64.
According to TipRanks.com, Sigman is a 1-star analyst with an average return of -0.4% and a 50.7% success rate. Sigman covers the Services sector, focusing on stocks such as Camping World Holdings, Dick’s Sporting Goods, and Advance Auto Parts.
Wal-Mart Stores Inc has an analyst consensus of Moderate Buy, with a price target consensus of $97.27, representing a -1.4% downside. In a report issued on August 7, J.P. Morgan also maintained a Hold rating on the stock with a $87 price target.
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