McDonald's Hits New Low Amid Analyst Optimism
McDonald's Corporation (NYSE:MCD) hit a new 52-week low on Wednesday, trading as low as $250.18 and last trading at $249.3360 with a volume of 785040 shares.
The company had previously closed at $252.78.
Analyst BTIG reaffirmed its 'buy' rating and maintained a price target of $350, suggesting substantial upside from the current level.
The firm expects McDonald's brand strength and recovery initiatives to support a rebound.