Britain's bank stocks crash; Credit Suisse lowers McDonald's target on Brexit fallout

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Barclays (BCS) — The British bank’s stock was suspended on Monday morning following heavy losses on the London Stock Exchange. The turmoil is causing Wall Street to turn more bearish on UK banks, with Jefferies and JPMorgan both downgrading Barclays.

Royal Bank of Scotland (RBS) — The bank’s shares are sinking in intraday trading following the UK’s decision to leave the EU last week. The Royal Bank of Scotland has been downgraded by four brokers.

McDonald’s (MCD) — Credit Suisse warns McDonald’s will now face more macro headwinds following the Brexit vote, due to its high exposure to Europe and the UK.

Carnival (CCL) — The stock is under pressure as the outcome of Brexit raises questions about economic and consumer uncertainty. Other cruise lines are under pressure as well, with Royal Caribbean (RCL), Norwegian Cruise (NCLH) and Lindblad (LIND) all trading lower.

GameStop (GME) — Telsey Advisory Group upgraded GameStop to outperform and raised its price target to $35 per share, suggesting a 40% upside from Friday’s close.

Walt Disney (DIS) — The Disney/Pixar film "Finding Dory" topped the box office this weekend, raking in $73.2 million in North American ticket sales. “Finding Dory” is the sixth-highest domestic grosser of 2016 after 10 days.