Barclays Maintains Overweight on McDonald's, Raises Price Target to $345
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on McDonald's (NYSE:MCD) and raises the price target from $330 to $345.
July 28, 2023 | 10:31 am
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POSITIVE IMPACT
Barclays maintains an Overweight rating on McDonald's and raises the price target from $330 to $345, indicating a positive outlook for the company.
The raised price target by Barclays indicates their belief in the strong performance of McDonald's in the future. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100