McDonald's Stock Stands Firm After TD Cowen Trims Price Target

McDonald's stock maintained its ground despite TD Cowen's reduction of its price target. The analyst firm lowered its 12-month price target to $282 from $300, while keeping a Hold rating on the shares. This represents a cut of $18 or 6%.

The revised target still suggests moderate appreciation for McDonald's stock in the next year. TD Cowen analyst Andrew M. Charles sees slightly reduced upside, but believes that the lowered target remains above the recent closing price.

Despite this downward revision from TD Cowen, broader analyst expectations remain constructive. A consensus rating of Moderate Buy and a consensus price target of $321.35 indicate potential upside of about 27.4% if those estimates are met.

The earnings surprise offers a concrete comparison point for investors. McDonald's reported second-quarter adjusted earnings per share of $3.38, beating market expectations. However, weaker consumer traffic and slowing same-store sales growth have weighed on the shares.