JP Morgan Maintains Overweight on McDonald's, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe maintains an Overweight rating on McDonald's (NYSE:MCD) but lowers the price target from $290 to $270.
July 30, 2024 | 11:15 am
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JP Morgan analyst John Ivankoe maintains an Overweight rating on McDonald's but lowers the price target from $290 to $270.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100