Stocks
BTIG Cuts McDonald's Price Target by Nearly $55
McDonald's (NYSE:MCD) has seen its price objective cut by BTIG Research from $350.00 to $295.00, according to a report released on Thursday.
The firm currently has a 'buy' rating on the fast-food giant's stock, indicating a potential upside of 23.89% from the stock's previous close.
This is not the only recent revision to McDonald's price target; Mizuho cut its price target on shares of McDonald's from $300.00 to $290.00 and set a 'neutral' rating on the stock in a report on Friday, July 31st.
However, some analysts remain optimistic about McDonald's prospects, with one analyst giving the stock a Strong Buy rating, and seventeen analysts assigning a Buy rating.