Microsoft, Mattel and McDonald's Under Analysts' Microscope

The letter of the day is M with Microsoft, Mattel and McDonald's under the microscope, all in Monday's Analysts' Actions. Microsoft was upgraded to OUTPERFORM at Wells Fargo. Analysts said foreign exchange challenges have already been priced into shares value. Mattel had its price target cut to $25 at BMO Capital after Christopher Sinclair, board member for 19 years, was named as permanent CEO. Analysts said they had hoped for an external hire to implement a change in the corporate culture. McDonald's had its price target cut to $110 at RBC Capital. The firm said it sees lower U.S. sales and higher labor costs.