Morgan Stanley lowered the firm’s price target on McDonald’s (MCD) to $329 from $330 and keeps an Overweight rating on the shares. Evidence suggests recent improvement, and “maybe not the most bearish path going forward,” though questions about rest of the year upside “remain valid,” the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCD:
- McDonald’s: Strategic Positioning and Growth Potential Amidst Economic Challenges
- McDonald’s price target raised to $315 from $300 at Baird
- McDonald’s price target raised to $314 from $292 at Piper Sandler
- McDonald’s price target raised to $355 from $347 at Barclays
- McDonald’s price target raised to $364 from $353 at Citi