JP Morgan Maintains Overweight on McDonald's, Raises Price Target to $278
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe has maintained an Overweight rating on McDonald's (NYSE:MCD) and raised the price target from $270 to $278.
October 31, 2023 | 8:00 pm
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POSITIVE IMPACT
JP Morgan has maintained an Overweight rating on McDonald's and raised the price target from $270 to $278, which could positively impact the stock.
The raised price target by JP Morgan indicates a positive outlook for McDonald's. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100