MCD Stock Takes a Hit as Analysts Adjust Price Targets Amid McDonald's Investor Day
McDonald's investor day and unveiling of its NEXT strategy on Sept. 23 had analysts updating their price targets for MCD stock.
Morgan Stanley cut its price target to $297 from $308 while maintaining an 'Equal Weight' rating, according to The Fly.
Melius Research lowered its target to $230 from $250 while keeping its 'Sell' rating, TheFly reported.
McDonald's plans approximately $8.5 billion in NEXT partnering support through 2036, including about $5 billion through 2030.
The company is targeting 1.5 percentage-point gains in market share in both chicken and beverages by 2030, while maintaining its leadership position in beef.
Analysts TD Cowen and Evercore ISI also updated their price targets for MCD stock, with TD Cowen lowering its target to $270 from $282 and Evercore ISI reducing its 2027-30 EPS estimates by roughly 3%.