Citigroup Maintains Neutral on McDonald's, Lowers Price Target to $297
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Neutral rating on McDonald's (MCD) and reduced the price target from $312 to $297.
April 16, 2024 | 11:52 am
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Citigroup has maintained a Neutral rating on McDonald's but lowered the price target from $312 to $297.
The reduction in the price target by Citigroup, despite maintaining a Neutral rating, could lead to a negative short-term sentiment among investors. This adjustment reflects a more cautious outlook on McDonald's future stock performance, potentially influencing investor perception and stock price movement in the short term.
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