Guggenheim Maintains Buy on McDonald's, Lowers Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Gregory Francfort maintains a Buy rating on McDonald's (MCD) but lowers the price target from $325 to $315.
May 02, 2024 | 6:22 pm
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Guggenheim maintains a Buy rating on McDonald's but lowers the price target from $325 to $315.
While the reduction in the price target could suggest a slightly less optimistic outlook on McDonald's future stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price, as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100