Truist Securities Maintains Buy on McDonald's, Lowers Price Target to $340-Report Released on 5th February 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett maintains a Buy rating on McDonald's (MCD) but lowers the price target from $345 to $340 as of 5th February 2024.

February 06, 2024 | 2:17 pm
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Truist Securities maintains a Buy rating on McDonald's but lowers the price target from $345 to $340.
The adjustment in price target by Truist Securities reflects a slight change in valuation expectation for McDonald's, though the Buy rating indicates continued confidence in the company's performance. The reduction in price target might have a neutral to slightly negative short-term impact on the stock price as it adjusts to the new analyst expectations. However, the maintained Buy rating suggests underlying strength and potential upside, balancing out the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100