Stephens & Co. Maintains Overweight on McDonald's, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long maintains an Overweight rating on McDonald's (NYSE:MCD) but lowers the price target from $325 to $300.

October 31, 2023 | 9:11 am
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NEUTRAL IMPACT
McDonald's price target has been lowered from $325 to $300 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. could potentially lead to a short-term negative sentiment among investors. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment in the long term. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100