Stifel Maintains Hold on McDonald's, Raises Price Target to $322
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Chris O'Cull has maintained a Hold rating on McDonald's (NYSE:MCD) and increased the price target from $285 to $322.
January 04, 2024 | 4:41 pm
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Stifel analyst Chris O'Cull maintains a Hold rating on McDonald's but raises the price target from $285 to $322, indicating a positive outlook on the stock's value.
The increase in price target by Stifel suggests an improved valuation of McDonald's, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Hold rating indicates that the analyst does not see significant upside or downside in the near future, but the raised target is a positive signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100