Piper Sandler Maintains Neutral on McDonald's, Raises Price Target to $299
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Aisling Grueninger has maintained a Neutral rating on McDonald's (NYSE:MCD) and increased the price target from $273 to $299.

December 11, 2023 | 4:34 pm
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Piper Sandler has maintained a Neutral rating on McDonald's but raised the price target from $273 to $299, indicating a positive outlook on the stock's value.
The increase in price target by Piper Sandler suggests an improved valuation of McDonald's stock, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, but the raised target suggests there may be some upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100