BMO Capital Maintains Outperform on McDonald's, Lowers Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained an 'Outperform' rating on McDonald's (NYSE:MCD) but lowered the price target from $340 to $325.
October 31, 2023 | 1:37 pm
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McDonald's has received a maintained 'Outperform' rating from BMO Capital, although the price target has been lowered from $340 to $325.
The news is directly related to McDonald's. The maintained 'Outperform' rating indicates that BMO Capital still expects the company to outperform the market, which is positive. However, the lowered price target could indicate a slightly less optimistic outlook, which might have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100