NEW YORK (TheStreet) -- McDonald's Corp. (MCD) - Get Report stock is advancing 0.54% to $119.85 on Tuesday after Credit Suisse this morning issued a positive note on the company, following its robust fourth quarter fiscal 2015 earnings results reported yesterday before the market opened.
The firm lifted its price target to $130 from $128, saying, "We came away from Q4 with higher conviction that management can execute on its multi-initiative turnaround plan."
For the latest quarter, the fast food chain reported earnings of $1.31 a share, topping analysts' expectations of $1.23 a share. Revenue of $6.34 billion also beat forecasts of $6.22 billion.
During the same period the year prior, the company earned $1.13 a share on revenue of $6.57 billion.
Global same-restaurant sales rose by 5% and same-store sales in the U.S. increased by 5.7% year-over-year, largely due to the company's all day-breakfast initiative, which was launched in early October.
Analysts at Credit Suisse applauded these results, saying that the all-day breakfast initiative helped to pull in new customers and recaptured lapsed users.
Separately, TheStreet Ratings currently has a Buy rating on the stock with a letter grade of A-.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: MCD