Truist analyst Jake Bartlett lowered the firm’s price target on McDonald’s to $292 from $300 but keeps a Buy rating on the shares. The company reported a "solid" Q4 but its FY23 margin guidance was disappointing, the analyst tells investors in a research note. The firm adds however that it continues to view McDonald’s as well positioned both offensively and defensively, with margin pressure anticipated in FY23 likely being "temporary in nature".
Published first on TheFly
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