Guggenheim Maintains Buy on McDonald's, Lowers Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Gregory Francfort has maintained a 'Buy' rating on McDonald's (NYSE:MCD) but lowered the price target from $330 to $285.
October 19, 2023 | 5:37 pm
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Guggenheim has maintained a 'Buy' rating on McDonald's but lowered the price target from $330 to $285.
The news is directly related to McDonald's. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or a perceived overvaluation. This could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100