Wedbush Maintains Outperform on McDonald's, Lowers Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan maintains an Outperform rating on McDonald's (MCD) but lowers the price target from $300 to $295.
May 01, 2024 | 11:09 am
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Wedbush maintains an Outperform rating on McDonald's but lowers the price target from $300 to $295.
The adjustment in price target by Wedbush reflects a slight moderation in their short-term outlook for McDonald's, possibly due to market conditions or company-specific factors not detailed in the news. However, maintaining an Outperform rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target with a still positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100