McDonald's Price Target Cut by Citigroup to $310.00

Citigroup cut its price target for McDonald's (NYSE:MCD) to $310.00 from $345.00, citing a potential upside of 23.99% from the company's current price. This move comes as other analysts have also reduced their price targets on the fast-food giant in recent weeks.

Mizuho reduced its target by $10.00 to $290.00, while Royal Bank Of Canada lowered its price objective by $5.00 to $290.00. TD Cowen cut its target by $18.00 to $282.00, and Wells Fargo & Company reduced its target by $20.00 to $300.00.

McDonald's has a Moderate Buy rating among analysts, with 26 of them assigning a Buy rating and 11 giving a Hold rating. The company's 50-day moving average is $266.07, while its 200-day moving average is $284.76.