Truist Securities Maintains Buy on McDonald's, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett has reaffirmed a Buy rating on McDonald's (NYSE:MCD) and increased the price target from $335 to $340, signaling confidence in the company's stock performance.
December 12, 2023 | 3:02 pm
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Truist Securities analyst Jake Bartlett maintains a Buy rating on McDonald's and raises the price target to $340, indicating a positive outlook on the stock.
The increase in the price target for McDonald's by Truist Securities suggests a bullish outlook on the stock by the analyst. This could lead to increased investor confidence and potentially drive the stock price up in the short term, as market participants often react positively to analyst upgrades and higher price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100