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
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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.
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IMPORTANCE 80
RELEVANCE 100