Truist Securities Maintains Buy on McDonald's, Lowers Price Target to $335
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett has maintained a 'Buy' rating on McDonald's (NYSE:MCD) but lowered the price target from $340 to $335.

September 20, 2023 | 1:31 pm
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McDonald's has had its price target lowered by Truist Securities from $340 to $335, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counteract any negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100