TD Cowen Maintains Outperform on McDonald's, Raises Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles has maintained an Outperform rating on McDonald's (NYSE:MCD) and increased the price target from $300 to $325.
December 07, 2023 | 1:45 pm
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TD Cowen analyst Andrew Charles reaffirmed an Outperform rating on McDonald's and raised the price target to $325, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
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