|Analyst / Firm||Company||Price||Rating||Price Target||Upside/Downside||Date|
2 days ago
#95 out of 4334 analysts
43%52 out of 122
Risk vs Reward
Truist Securities's Jake Bartlett lowered their price target on Mcdonalds (NYSE: MCD) by 1.5% from $340 to $335 on 2023/09/20. The analyst maintained their Strong Buy rating on the stock.
In a note reporting the results of a deep dive into their Restaurant sector portfolio, Bartlett told investors that price target cuts "reflect adverse currency factors" and that "Truist Card Data findings suggest in-line Q3 sales on average for the group."
Looking specifically at Mcdonalds, Truist data indicates that "U.S. same-store sales momentum is being driven by strong marketing and strong operations (faster service times: rising customer satisfaction scores)," the analyst said.
a day ago