Citigroup Maintains Neutral on McDonald's, Raises Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Neutral rating on McDonald's (NYSE:MCD) and increased the price target from $280 to $310.
November 30, 2023 | 11:48 am
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Citigroup has maintained a Neutral rating on McDonald's but raised the price target from $280 to $310, indicating a positive outlook on the stock's value.
The increase in price target by Citigroup suggests an improved valuation of McDonald's, which could lead to increased investor interest and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in fundamentals that would lead to a strong buy or sell recommendation.
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IMPORTANCE 75
RELEVANCE 100