UBS Lowers McDonald's Price Target to $320
UBS has lowered its price target for McDonald's from $340 to $320. This change reflects the firm's reassessment of the company's financial performance and future prospects.
The price target reduction is based on backtested results, which have inherent limitations. Backtesting allows the security selection methodology to be adjusted until past returns are maximized, but actual performance may differ significantly from backtested performance.