This McDonald's Analyst Begins Coverage With $288 Forecast; Here Are Top 5 Initiations For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts initiated coverage on several companies, including McDonald's, Goodyear Tire, Winmark, Civitas Resources, and Domino's Pizza, with varying ratings and price targets.

June 13, 2024 | 2:12 pm
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POSITIVE IMPACT
TD Cowen initiated coverage on Civitas Resources with a Buy rating and a $90 price target. Shares fell 0.4% to $67.55.
Despite the Buy rating, the slight share price decline suggests a mixed short-term impact, but the positive rating could lead to future gains.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Goldman Sachs initiated coverage on Domino's Pizza with a Buy rating and a $612 price target. Shares rose 0.7% to $531.40.
The Buy rating and share price increase suggest a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Morgan Stanley initiated coverage on Goodyear Tire with an Equal-Weight rating and a $14 price target. Shares rose 2.9% to $11.98.
The initiation of coverage with a price target above the current share price and a positive market reaction suggests a short-term positive impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Maxim Group initiated coverage on Winmark with a Buy rating and a $445 price target. Shares rose 3.8% to $355.70.
The Buy rating and significant share price increase suggest a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
Goldman Sachs initiated coverage on McDonald's with a Neutral rating and a $288 price target. Shares rose 0.1% to $254.48.
The Neutral rating and minimal share price movement indicate a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 90