This morning, BMO Capital reduced its price target on shares of McDonald's (NYSE:MCD) to $103 as slowing sales could weigh on earnings. In the report, BMO lowered its EPS estimates through 2015 and maintained its market perform rating. Shares of McDonald's were flat on Friday, trading just above $95 per share.
Citigroup lowered its price target on shares of Philip Morris (NYSE:PM) to $88 as currency headwinds could impact earnings. With the lower price target, Citigroup reduced its EPS estimates through 2014 and maintained its neutral rating. Shares of Philip Morris were lower on the news, falling 1.9% today.
And UBS lowered its price target on shares of Starbucks (NASDAQ:SBUX) to $80 as expectations are growing too lofty for the company. In the report, UBS reiterated its neutral rating on the stock. Shares of Starbucks were higher, despite the report, climbing 2.9% today.
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