David Palmer

McDonald's Corporation (NYSE: MCD) announced a game plan to improve its struggling business back in 2015.CEO Steve Easterbrook even acknowledged the burger chain's woes and said "we're not on our game." Two years later, McDonald's turnaround is a reality at least according...

Reaffirming McDonald's Corporation (NYSE: MCD) as one of the top Outperform names for 2017, RBC Capital’s David Palmer stated that the company was expected to see improving market share in the United States, while its long-term growth algorithm has been rapidly coming into focus, which is...

If history repeats itself, Jorge Paulo Lemann is up to something big. Lemann is a Brazilian billionaire and co-founder of 3G Capital, a multi-billion-dollar investment firm that has teamed up with the American billionaire investor Warren Buffett in the past. As noted by Bloomberg, Lemann worked...

This year has already seen some merger and acquisition chatter in the retail food distribution and grocery space. Recently, RBC analysts David Palmer and Kevin Lehmann suggested Pinnacle Foods (NYSE: PF) has the potential to be a takeover target for Conagra Brands Inc (NYSE: CAG) citing four key...

RBC Capital Markets slashed its price objective on Starbucks Corporation (NASDAQ: SBUX) from $68 to $64 to reflect lower SSS growth expectations in fiscal year 2017. However, the firm maintains its Outperform rating on the stock, and the revised price tag offers about 20 percent upside potential...

RBC Capital Markets downgraded shares of Dunkin Brands Group Inc (NASDAQ: DNKN) from Outperform to Sector Perform. However, the firm lifted the target price from $51.00 to $54, citing the implied return on the increased price objective reflected the change in rating. Analyst David Palmer believes...

RBC Capital Markets think ConAgra Foods Inc (NYSE: CAG) has the potentials to take over Pinnacle Foods Inc (NYSE: PF), which currently has a market cap of nearly $6 billion. The firm believes that ConAgra has no alternative but to indulge in big-scale acquisition to strengthen the tag of pure-...

Meetings with Starbucks Corporation (NASDAQ: SBUX) management increase confidence in the company returning to 5 percent comp growth in the Americas in 4Q, RBC Capital Markets’ David Palmer said in a report. He maintained an Outperform rating on the company, with a price target of $68....

RBC said Burger King's U.S. SSS trends likely rebounded in July and expects another strong quarter from Tim Hortons. Both Burger King and Tim Hortons are owned by Restaurant Brands International Inc (NYSE: QSR). However, the brokerage still expects a SSS decline of 1 percent for Burger King U.S. in...

David Palmer of RBC Capital Markets said the recent pullback in McDonald's Corporation (NYSE: MCD) shares offer a good entry point for investors seeking growth and income. Pointing to the 3 percent dividend yield of McDonald, Palmer said, "We believe the key catalysts for the stock will be...

RBC Capital Markets has downgraded Wendys Co (NASDAQ: WEN) to Sector Perform from Outperform on moderating same-store sales (SSS) trends in the second quarter and July, and less visible SSS drivers, which may limit valuation upside. RBC now expects SSS growth for the second, third and fourth...

Stifel's restaurant analyst Paul Westra turned bearish on the restaurant industry in late July. On Tuesday, RBC Capital Market's analyst David Palmer shared a similar, somewhat negative, sentiment on the restaurant sector, noting that industry trends have "slowed to very low growth." According to...

Barclays has attempted to explain why Mondelez International Inc (NASDAQ: MDLZ), which makes Oreo cookies and Cadbury chocolates, made its $107 cash and stock offer for Hershey Co (NYSE: HSY), which eventually rejected the bid. The acquisition would have created the world's largest candy maker at a...