Truist Securities Maintains Buy on McDonald's, Lowers Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett maintains a Buy rating on McDonald's (MCD) but lowers the price target from $337 to $320.
May 02, 2024 | 1:25 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on McDonald's but lowers the price target from $337 to $320.
The adjustment in price target by Truist Securities reflects a nuanced view on McDonald's future stock performance. While the Buy rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in price target suggests a recalibration of expectations possibly due to market conditions or internal factors at McDonald's. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100