Morgan Stanley Maintains Overweight on McDonald's, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst John Glass maintains an Overweight rating on McDonald's and raises the price target from $296 to $340.
October 15, 2024 | 12:30 pm
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POSITIVE IMPACT
Morgan Stanley analyst John Glass has maintained an Overweight rating on McDonald's and increased the price target from $296 to $340, indicating a positive outlook for the stock.
The increase in price target from $296 to $340 by a reputable analyst at Morgan Stanley suggests a strong positive outlook for McDonald's stock. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100