McDonald's To Rally Over 11%? Here Are 10 Other Analyst Forecasts For Friday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Friday, with price target changes for multiple companies. Notable changes include Canaccord Genuity cutting the price target for BCE Inc. from $63 to $61, RBC Capital raising Intuitive Surgical, Inc.'s price target from $355 to $360, and Keybanc raising the price target for McDonald's Corporation from $320 to $330.
July 21, 2023 | 12:31 pm
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NEUTRAL IMPACT
Canaccord Genuity cut the price target for BCE Inc. from $63 to $61. BCE shares rose 0.6% to close at $44.16 on Thursday.
The price target cut could potentially have a negative impact on the stock, but the shares rose after the announcement, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
RBC Capital raised Intuitive Surgical, Inc.'s price target from $355 to $360. Intuitive Surgical shares fell 4% to $333.94 in pre-market trading.
Despite the price target increase, the shares fell in pre-market trading, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Keybanc raised the price target for McDonald's Corporation from $320 to $330. McDonald's shares rose 1% to close at $297.13 on Thursday.
The price target increase by Keybanc could have a positive impact on the stock, as indicated by the rise in shares after the announcement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100