BMO Capital Maintains Outperform on McDonald's, Lowers Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik maintains an Outperform rating on McDonald's (MCD) but lowers the price target from $335 to $330.
May 01, 2024 | 11:35 am
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BMO Capital maintains an Outperform rating on McDonald's but lowers the price target from $335 to $330.
The adjustment in price target by BMO Capital reflects a slight change in valuation expectation for McDonald's, though the Outperform rating indicates continued confidence in the company's performance. The reduction in price target might cause short-term concern among investors, but the reaffirmation of the Outperform rating suggests underlying strength in McDonald's business model and growth prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100