There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Denny’s (DENN) and McDonald’s (MCD) with bullish sentiments.
Denny’s (DENN)
Wedbush analyst Nick Setyan maintained a Buy rating on Denny’s on October 19 and set a price target of $13.00. The company’s shares closed last Wednesday at $9.90.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 5.9% and a 57.3% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Del Taco Restaurants, and Dine Brands Global.
Currently, the analyst consensus on Denny’s is a Strong Buy with an average price target of $12.25.
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McDonald’s (MCD)
In a report released yesterday, Ivan Feinseth from Tigress Financial maintained a Buy rating on McDonald’s. The company’s shares closed last Wednesday at $227.73, close to its 52-week high of $231.91.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 17.4% and a 67.6% success rate. Feinseth covers the Technology sector, focusing on stocks such as Alphabet Class A, Microsoft, and Facebook.
Currently, the analyst consensus on McDonald’s is a Strong Buy with an average price target of $233.73, a 2.9% upside from current levels. In a report issued on October 5, Merrill Lynch also reiterated a Buy rating on the stock with a $250.00 price target.
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