Goldman Sachs Initiates Coverage On McDonald's with Neutral Rating, Announces Price Target of $288
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on McDonald's with a Neutral rating and set a price target of $288.
June 13, 2024 | 11:04 am
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NEUTRAL IMPACT
Goldman Sachs has initiated coverage on McDonald's with a Neutral rating and set a price target of $288. This suggests that the firm does not expect significant short-term movement in McDonald's stock price.
The Neutral rating indicates that Goldman Sachs does not foresee significant upside or downside in McDonald's stock in the near term. The price target of $288 is close to the current trading price, suggesting limited expected movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100