Bearish
UBS lowers McDonald's price target to $340 amid macroeconomic pressures
UBS has reduced its price target for McDonald's (MCD) from $365 to $340, maintaining a 'Buy' rating, citing anticipated challenges in the upcoming second-quarter earnings due to a challenging macroeconomic environment both in the U.S. and globally. The stock is currently trading near its 52-week low of $260.96.
Key points
- UBS cuts McDonald's price target to $340, citing macroeconomic challenges.
- McDonald's stock trading near 52-week low of $260.96.
- UBS maintains 'Buy' rating despite price target reduction.
Sources
AI-generated from public news sources. Not financial advice.
