Wells Fargo Upgrades McDonald's to Overweight, Announces $310 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has upgraded McDonald's (NYSE:MCD) from Equal-Weight to Overweight and announced a price target of $310.
September 07, 2023 | 9:38 am
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McDonald's has been upgraded by Wells Fargo from Equal-Weight to Overweight with a new price target of $310.
The upgrade from Wells Fargo is a positive signal for McDonald's. It indicates that the analyst believes the company's stock is likely to outperform the market or its sector in the near term. The new price target of $310 also suggests that the analyst sees significant upside potential for the stock.
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