McDonald's Hits New Low Despite Analysts Maintaining Buy Rating

McDonald's reached a new 52-week low of $260.93 on Thursday after Argus lowered its price target from $320 to $310, despite maintaining a 'buy' rating.

The downgrade led to a decline in the stock's value, with McDonald's trading at $260.5150 as of Thursday.

This move follows other analyst downgrades and ratings changes, including TD Cowen reiterating a 'hold' rating and Sanford C. Bernstein issuing a 'market perform' rating with a target price of $295.

Despite the recent downturn, McDonald's has a consensus rating of 'moderate buy' among analysts, with an average price target of $322.96.