Citigroup Maintains Neutral on McDonald's, Lowers Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Neutral rating on McDonald's (MCD) and reduced the price target from $327 to $310.
February 06, 2024 | 8:15 pm
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Citigroup has maintained a Neutral rating on McDonald's and lowered the price target from $327 to $310.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in McDonald's stock price. The Neutral rating suggests that the analyst sees limited upside or downside potential, but the lowering of the price target indicates a revision of the expected stock performance, which could influence investor perception and stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100