Stocks
McDonald's Stock Hits New Low Amid Sales Slump and Execution Issues
McDonald's (NYSE:MCD) stock plummeted to a new 52-week low of $246.52 on Tuesday, trading at $247.85 with 6,193,282 shares changing hands.
The company has faced various challenges in recent times, including slowing sales and issues with U.S. restaurant execution. However, management is testing smaller menu items and promoting Happy Meals to adapt to changing consumer eating habits.
Analysts have been mixed in their views on McDonald's stock, with Sanford C. Bernstein reiterating a 'market perform' rating and setting a $295.00 target price, while Freedom Capital upgraded the company from 'hold' to 'strong-buy'.