BMO Capital Maintains Outperform on McDonald's, Raises Price Target to $335
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained an Outperform rating on McDonald's (NYSE:MCD) and increased the price target from $325 to $335, indicating a positive outlook on the stock.
December 07, 2023 | 2:43 pm
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BMO Capital analyst Andrew Strelzik has reaffirmed McDonald's Outperform rating and raised the price target to $335, suggesting confidence in the company's future performance.
The increase in price target by BMO Capital reflects a positive assessment of McDonald's future earnings potential and market performance. This kind of analyst action can often lead to increased investor confidence and a potential short-term rise in the stock price, as market participants may interpret the raised target as a signal of underlying strength in the company's business.
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