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RBC Cuts McDonald's Price Target Amid Execution Woes

Guavy AI Editorial Team
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MCD
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RBC Capital Markets has revised its price target on McDonald's Corp. (MCD) to $295 from $305, while maintaining a Sector Perform rating.

This move comes after mixed second-quarter results for the fast-food giant, with revenue and earnings largely in line with consensus expectations.

The company generated $27.7 billion in revenue over the last twelve months, with a market capitalization of $193.9 billion.

RBC cited U.S. execution issues and a slower-than-expected World Cup contribution as factors contributing to the revision.

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