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McDonald’s (MCD) Stock Rated ‘Buy’ at SunTrust

NEW YORK (TheStreet) -- McDonald's (MCD - Get Report) stock was initiated with a "buy" rating and a $117 price target at SunTrust on Thursday morning.

The firm began coverage on the fast food restaurant chain as McDonald's new CEO, Steven Easterbrook, has a strong track record of successfully turning organizations around, CNBC.com reports.

McDonald's has been dealing with a slump in sales recently but is looking for ways to turn that around.

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The home of the "Big Mac" burger has recently launched an all-day breakfast menu in the U.S. as part of that initiative.

U.S. stores make up about 40% of the company's global profits, CNN Money reported. Last year, U.S. sales had declined by 9%.

Other steps the company has taken include an improvement in food quality and requiring chicken suppliers to limit the use of antibiotics, CNN Money added.

Separately, TheStreet Ratings team rates MCDONALD'S CORP as a Buy with a ratings score of...


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