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McDonald’s price target raised to $270 from $265 at Citi
The Fly

McDonald’s price target raised to $270 from $265 at Citi

Citi analyst Jon Tower raised the firm’s price target on McDonald’s to $270 from $265 and keeps a Neutral rating on the shares. The analyst continues to believe that McDonald’s macro risks in Europe are underappreciated by a market that is more focused on its U.S. momentum. He expects the stock’s relative multiple to contract in a more "risk on" market.

Published first on TheFly

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