Nomura cut its price target on fast-food giant McDonald's today saying they see slowing U.S. restaurant industry same-store sales trends in the second quarter. The firm lowering it's price target to $129 from $149.
"McDonald's is more likely to be range-bound for the rest of the year," said Nomura analyst Mark Kalinowski.
If you want to play the restaurant area, Nomura says you should be in Yum Brands. They named the KFC & Taco Bell parent as its top pick for the second half of the year. The firm believes the company remains ripe for major changes.
On today's Halftime Report, our experts discussed Nomura's big call.