Evercore ISI Group Maintains Outperform on McDonald's, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an Outperform rating on McDonald's and raised its price target from $320 to $340, indicating a positive outlook for the company's stock.
October 15, 2024 | 1:22 pm
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Evercore ISI Group has maintained an Outperform rating on McDonald's and increased the price target from $320 to $340, suggesting a positive short-term outlook for the stock.
The increase in the price target from $320 to $340 by Evercore ISI Group reflects a positive sentiment towards McDonald's future performance. The Outperform rating suggests that the stock is expected to perform better than the market average, which is likely to attract investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100