Barclays Maintains Overweight on McDonald's, Lowers Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on McDonald's (NYSE:MCD) but has lowered the price target from $345 to $315.
October 23, 2023 | 10:48 am
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Barclays has maintained an Overweight rating on McDonald's but lowered the price target from $345 to $315.
The news is directly related to McDonald's. While the Overweight rating indicates that Barclays expects the stock to outperform, the lowering of the price target might create some uncertainty among investors, potentially impacting the stock's short-term performance.
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