Evercore ISI Group Maintains Outperform on McDonald's, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on McDonald's and raised its price target from $300 to $320, indicating confidence in the company's future performance.
August 19, 2024 | 2:08 pm
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Evercore ISI Group has increased its price target for McDonald's from $300 to $320 while maintaining an 'Outperform' rating, suggesting a positive outlook for the company's stock.
The increase in price target from $300 to $320 by Evercore ISI Group, along with the maintained 'Outperform' rating, indicates a strong positive sentiment towards McDonald's future performance. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100