McDonald's $5 Value Meal Fails To Offset Lower Traffic: 4 Analysts Cut Forecasts After Q2 Results
Portfolio Pulse from Priya Nigam
McDonald's reported disappointing Q2 earnings, leading to a volatile stock performance. Analysts from BofA Securities, Goldman Sachs, BMO Capital Markets, and KeyBanc Capital Markets have all lowered their price targets for McDonald's, citing negative same-store sales growth and weaker consumer demand. Despite the challenges, some analysts see potential in McDonald's value meal strategy and long-term growth prospects.
July 30, 2024 | 3:56 pm
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McDonald's reported disappointing Q2 earnings, leading to a volatile stock performance. Analysts from BofA Securities, Goldman Sachs, BMO Capital Markets, and KeyBanc Capital Markets have all lowered their price targets for McDonald's, citing negative same-store sales growth and weaker consumer demand. Despite the challenges, some analysts see potential in McDonald's value meal strategy and long-term growth prospects.
The disappointing Q2 earnings and negative same-store sales growth have led to a reduction in price targets from multiple analysts, indicating a likely short-term negative impact on the stock price. However, some analysts see potential in the company's value meal strategy and long-term growth, which could mitigate the negative impact to some extent.
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