B of A Securities Maintains Neutral on McDonald's, Lowers Price Target to $288
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on McDonald's (NYSE:MCD) but has lowered the price target from $302 to $288.
May 28, 2024 | 4:57 pm
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NEUTRAL IMPACT
B of A Securities has maintained a Neutral rating on McDonald's but has lowered the price target from $302 to $288.
The Neutral rating suggests that the analyst does not expect significant short-term movement in the stock price. However, the lowered price target indicates a slightly less optimistic outlook, which could lead to minor downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100