Truist Securities Maintains Buy on McDonald's, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on McDonald's and raised the price target from $295 to $350, indicating confidence in the company's future performance.
October 15, 2024 | 1:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Truist Securities has reaffirmed its Buy rating on McDonald's and increased the price target from $295 to $350, suggesting a positive outlook for the company's stock.
The increase in the price target from $295 to $350 by Truist Securities indicates a strong positive sentiment towards McDonald's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100