Reported 1 day ago
Bank of America has reduced its price target for McDonald's Corporation (MCD) from $327 to $322 while maintaining a Neutral rating. This adjustment reflects broader estimates across the restaurant sector ahead of earnings season, indicating an 8.4% potential upside from the current price of $297. Despite McDonald's strong market presence, concerns over same-store sales growth and macroeconomic pressures suggest a cautious outlook for the near term.
Source: YAHOO