Citigroup Maintains Neutral on McDonald's, Raises Price Target to $301
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower maintains a Neutral rating on McDonald's and raises the price target from $275 to $301.
September 13, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Citigroup analyst Jon Tower maintains a Neutral rating on McDonald's, but raises the price target from $275 to $301, indicating a positive outlook on the stock's potential value.
The increase in the price target from $275 to $301 suggests that Citigroup sees potential for McDonald's stock to appreciate. However, the Neutral rating indicates that the analyst does not see a strong buy or sell signal at this time. The raised price target is a positive indicator for potential investors, suggesting confidence in McDonald's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100