Truist Securities Maintains Buy on McDonald's, Lowers Price Target to $342
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on McDonald's but has lowered the price target from $350 to $342.
October 30, 2024 | 3:31 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on McDonald's, indicating continued confidence in the company's performance. However, the price target has been slightly reduced from $350 to $342, suggesting a more cautious outlook.
The maintenance of a Buy rating suggests that the analyst still sees potential for McDonald's stock to perform well. However, the reduction in the price target indicates a slightly more conservative view on the stock's potential upside. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100