These Analysts Revise Their Forecasts On McDonald's Following Q3 Results
Portfolio Pulse from Lisa Levin
McDonald's Corp reported better-than-expected Q3 earnings with a 14% YoY sales growth to $6.692 billion and an adjusted EPS of $3.19. Following the announcement, several analysts revised their price targets on McDonald's. Stephens & Co. and BMO Capital lowered their targets, while DZ Bank upgraded the stock from Hold to Buy.
October 31, 2023 | 5:51 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
McDonald's reported strong Q3 earnings, leading to revised price targets by analysts. While some analysts lowered their targets, DZ Bank upgraded the stock from Hold to Buy.
McDonald's reported better-than-expected Q3 earnings, which is a positive signal for the company's performance. This led to several analysts revising their price targets. While some analysts lowered their targets, the upgrade from DZ Bank indicates a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100