McDonald's Slumps to New Low Amid Sales Woes

McDonald's (NYSE:MCD) shares hit a new 52-week low on Wednesday, trading as low as $254.28 and closing at $255.5270 with over 4.2 million shares traded.

The company has been struggling with slowing US sales and execution missteps, reinforcing concerns that McDonald's may be losing momentum against other franchised restaurant operators.

Despite this, some analysts are optimistic about the company's prospects, with Deutsche Bank Aktiengesellschaft raising its price target to $345.00 and BTIG Research reiterating a 'buy' rating with a $350.00 objective.