Baird Cuts McDonald's Price Target Amid Consumer Headwinds

Baird's analysts have lowered their price target on McDonald's Corp. stock to $250 from $285, citing consumer headwinds and uncertainty over the company's new strategy.

The firm maintains a Neutral rating on the stock, which currently trades at $237.02, near its 52-week low of $234.03, down roughly 21% year-to-date.

Baird cited early-stage initiatives and uncertain deployment timing for McDonald's Next strategy as factors contributing to their reduced price target.

The analysts expect gradual improvement in U.S. performance, with the third quarter anticipated to be negative overall, but September expected to show positive results.