Guggenheim Downgrades McDonald's to Neutral, Announces $285 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Gregory Francfort has downgraded McDonald's from Buy to Neutral, setting a price target of $285.
October 23, 2024 | 12:01 pm
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Guggenheim has downgraded McDonald's from Buy to Neutral, with a new price target of $285. This suggests a more cautious outlook on the stock.
The downgrade from Buy to Neutral by Guggenheim indicates a less optimistic view on McDonald's stock performance. The $285 price target suggests limited upside potential, which may lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100