JP Morgan Maintains Overweight on McDonald's, Lowers Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Overweight rating on McDonald's (MCD) but lowers the price target from $300 to $290.

May 01, 2024 | 3:16 pm
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JP Morgan maintains an Overweight rating on McDonald's but lowers the price target from $300 to $290.
The adjustment in price target by JP Morgan reflects a slight moderation in their valuation assessment of McDonald's, possibly due to market conditions or company performance. However, maintaining an Overweight rating indicates a continued positive outlook on the stock. This mixed signal could lead to short-term market uncertainty for MCD, but the overall bullish stance suggests confidence in its long-term prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100