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The social media success of McDonald's Grimace-themed birthday meal could be good news for the fast food chain's earnings and share price, according to Truist. Analyst Jake Bartlett raised his price target on McDonald's, which he rates a buy, to $335 from $327 previously. A highlight of the meal for customers — and a centerpiece of a social media craze — was a purple-colored, berry-flavored milkshake. To be sure, Bartlett said Truist data shows multiple other chains talso beating expectations for sales in the latest quarter amid surging demand. Of eight chains, data shows just two — Wendy's and Chipotle — could see slight misses on sales forecasts, he wrote.
Persons: McDonald's, Jake Bartlett, , Barlett, Trisha Paytas, Bartlett, Chipotle, — CNBC's Michael Bloom Locations: Monday's
TipRanks recognized the 10 best analysts in the services sector for identifying the best investment opportunities. TipRanks leveraged its Experts Center tool to zoom in on analysts with a high success rate, and analyzed every recommendation made by analysts in the services sector over the past decade. TipRanks' algorithms calculated the statistical significance of each rating, the average return, and analysts' overall success rate. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the services sector. Jake Bartlett - Truist FinancialJake Bartlett has the 10th spot on the list, with a success rate of 66%.
Persons: JACK CELH TFII, Simon Dawson, TipRanks, Jason Seidl, Cowen Jason Seidl, Patrick Brown, Raymond James Patrick Brown, Scot Ciccarelli, Brian Nagel, Oppenheimer Brian Nagel, Carlo Santarelli, Gary Prestopino, Barrington, Helane Becker, Cowen, Walter Spracklin, Spracklin, Jeff Van Sinderen, Jake Bartlett Organizations: Deutsche Bank, Reuters, Truist, FIVE, Caesars Entertainment, United Airlines Holdings, RBC, RBC Capital, TFI, Holdings Locations: London, Britain, Canadian
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