Citigroup Maintains Neutral on McDonald's, Raises Price Target to $317
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Neutral rating on McDonald's (NYSE:MCD) and raised the price target from $308 to $317.
July 28, 2023 | 10:57 am
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NEUTRAL IMPACT
McDonald's has received a Neutral rating from Citigroup, with a raised price target of $317, up from $308.
The Neutral rating indicates that Citigroup does not expect significant price movement in the short term. However, the raised price target suggests a positive outlook for the company's stock in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100