Morgan Stanley Maintains Overweight on McDonald's, Lowers Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass has maintained an Overweight rating on McDonald's (NYSE:MCD) but lowered the price target from $330 to $315.
October 11, 2023 | 2:28 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on McDonald's but lowered the price target from $330 to $315.
The news is directly related to McDonald's. While the Overweight rating indicates that Morgan Stanley expects the stock to outperform, the lowering of the price target might create some negative sentiment among investors. However, the impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100