Keybanc Maintains Overweight on McDonald's, Lowers Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Eric Gonzalez has maintained an Overweight rating on McDonald's (NYSE:MCD) but lowered the price target from $330 to $310.
October 17, 2023 | 5:46 pm
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McDonald's price target has been lowered by Keybanc from $330 to $310, though the Overweight rating is maintained.
The lowering of the price target by Keybanc could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative impact.
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IMPORTANCE 70
RELEVANCE 100