Wells Fargo analyst Zachary Fadem initiated coverage of McDonald’s with an Equal Weight rating and $280 price target. McDonald’s is best in class and there’s a lot to like, shares are +2.0 standard deviations above the long-term relative mean, and the firm awaits a better entry point, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MCD:
- 2 “Strong Buy” Stocks That Can Cruise Through a Recession
- McDonald’s put volume heavy and directionally bearish
- McDonald’s price target raised to $262 from $250 at JPMorgan
- Loop Capital says McDonald’s franchise checks suggest Q4 SSS topped expectations
- Subway Mulling Sale; A Deal Could Fetch Over $10B
