On Oct 24, major Wall Street analysts update their ratings for $McDonald's (MCD.US)$, with price targets ranging from $340 to $350.
UBS analyst Dennis Geiger maintains with a buy rating, and maintains the target price at $345.
Wells Fargo analyst Zachary Fadem maintains with a buy rating, and maintains the target price at $350.
Evercore analyst David Palmer maintains with a buy rating, and maintains the target price at $340.
BTIG analyst Peter Saleh maintains with a hold rating.
Raymond James analyst Brian Vaccaro initiates coverage with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $McDonald's (MCD.US)$'s main analysts recently are as follows:
The firm is modifying its price targets within the restaurant industry coverage to account for changes in estimates and increased market multiples in anticipation of upcoming third-quarter reports from the sector.
The firm believes that McDonald's has experienced an easing of comparable sales at the beginning of Q3, which then steadied at more modest levels. It is noted that, although susceptible to shifts in lower-income consumer spending, the effectiveness of the quick service segment's emphasis on value has been apparent. Additionally, the overall trends of inflation and pricing are seen to be relenting.
Reports of an E. coli outbreak associated with McDonald's locations in various U.S. states have raised concerns, potentially impacting consumer perceptions as well as the company's U.S. comparable sales—a critical factor for investor sentiment. Additionally, there is perceived risk to McDonald's near-term performance in international markets due to an increasingly challenging global macroeconomic environment. With uncertainties emerging in all business segments, it becomes challenging to predict near-term growth in share value.
Here are the latest investment ratings and price targets for $McDonald's (MCD.US)$ from 5 analysts:
Note:
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