Barclays Maintains Overweight on McDonald's, Raises Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on McDonald's and raises the price target from $300 to $325.
October 22, 2024 | 4:27 pm
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Barclays analyst Jeffrey Bernstein has maintained an Overweight rating on McDonald's and increased the price target from $300 to $325, indicating a positive outlook on the stock.
The increase in price target from $300 to $325 by Barclays suggests a positive outlook for McDonald's stock. The Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to have a positive short-term impact on the stock price as investors may view this as a bullish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100