Deep Dive: Most analysts still love McDonald’s, even after its stock flops

McDonald’s stock has slid this year, with the 2017 narrative of the hamburger giant’s comeback under CEO Steve Easterbrook quickly reversing.

But we’ve seen this pattern before, and McDonald’s has always managed to bounce back. Most analysts still believe in the stock, and a quick look at the numbers underlines what might be an inviting long-term opportunity for investors.

Shares of McDonald’s Corp. MCD, +1.81% returned 45% in 2017, as investors got on the bus with Easterbrook, who was able to change perceptions of the company with various successes, including the 2015 rollout of all-day breakfast.

But the stock is down 12% this year (with dividends reinvested), including a 9% decline last week, when RBC Capital Markets cut its sales projections for 2018 and lowered its price target for the stock to $170 from $190.

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