Baird Maintains Outperform on McDonald's, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Tarantino maintains an Outperform rating on McDonald's (MCD) but lowers the price target from $305 to $300.

May 01, 2024 | 10:58 am
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Baird maintains an Outperform rating on McDonald's but lowers the price target from $305 to $300.
The adjustment in price target by Baird reflects a slight moderation in their valuation assessment of McDonald's, possibly due to market conditions or company-specific factors not detailed in the news. However, maintaining the Outperform rating indicates a continued positive outlook on the company's performance. The impact on the stock price is likely neutral in the short term as the reduction in the price target is minor and is balanced by the reaffirmation of the Outperform rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100