McDonald's Downgrade 'Driven By Lack Of Earnings Catalysts,' 3 Analysts Discuss Q4 Print
Portfolio Pulse from Priya Nigam
McDonald's Corp (NYSE:MCD) shares fell after reporting mixed Q4 results, attributed to weak sales in the Middle East. Analysts from Oppenheimer, Truist Securities, and Wedbush provided mixed reactions, with a downgrade from Oppenheimer due to a lack of earnings catalysts, while Truist Securities and Wedbush maintained positive outlooks despite adjusting price targets and expectations. The company's U.S. and IOM same-store sales expectations for 2024 are slightly below Street estimates.
February 06, 2024 | 3:47 pm
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NEGATIVE IMPACT
McDonald's Corp reported mixed Q4 results with a share price decline of 1.43% to $281.88, influenced by geopolitical tensions in the Middle East and cautious 2024 sales outlook.
The downgrade by Oppenheimer due to a lack of earnings catalysts and the cautious outlook for 2024 same-store sales in the U.S. and IOM segments suggest a negative short-term impact on MCD's stock price. The mixed analyst ratings and adjustments in price targets further contribute to the uncertainty and potential volatility in the stock's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100