Analysts have been eager to weigh in on the Services sector with new ratings on Wal-Mart Stores Inc (NYSE:WMT) and McDonald’s Corp (NYSE:MCD).
Wal-Mart Stores Inc (WMT)
J.P. Morgan analyst Christopher Horvers maintained a Hold rating on Wal-Mart Stores Inc on September 13 and set a price target of $103. The company’s shares closed on Friday at $94.59.
According to TipRanks.com, Horvers is a 4-star analyst with an average return of 9.8% and a 65.3% success rate. Horvers covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Michaels Companies, and Home Depot.
Wal-Mart Stores Inc has an analyst consensus of Moderate Buy, with a price target consensus of $106.72, representing a 12.8% upside. In a report issued on September 3, RBC Capital also maintained a Hold rating on the stock with a $101 price target.
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McDonald’s Corp (MCD)
RBC Capital analyst David Palmer maintained a Buy rating on McDonald’s Corp on September 14 and set a price target of $175. The company’s shares closed on Friday at $160.84.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 10.0% and a 70.8% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hostess Brands Inc, and Pinnacle Foods.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for McDonald’s Corp with a $182.82 average price target, representing a 13.7% upside. In a report issued on September 11, Goldman Sachs also maintained a Buy rating on the stock with a $190 price target.
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