Truist Securities Maintains Buy Rating for McDonald's: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for McDonald's (NYSE:MCD) but lowered its price target from $340.00 to $335.00. McDonald's shares are currently trading up 0.66% at $279.97 per share. A move to $335.00 would represent a 19.66% increase from the current share price.
September 20, 2023 | 5:00 pm
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Truist Securities has maintained its Buy rating for McDonald's but lowered its price target. This could potentially lead to a positive sentiment among investors.
The maintained Buy rating indicates that Truist Securities still sees potential in McDonald's. However, the lowered price target might suggest a slightly less optimistic outlook. Overall, this could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100