McDonald’s Downgrade ‘Driven By Lack Of Earnings Catalysts,’ 3 Analysts Discuss Q4 Print
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Shares of McDonald’s Corp (NYSE: MCD) dipped on Monday after the fast-food company reported mixed results for its fourth quarter, citing weak sales due to geopolitical tensions in the Middle East.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Oppenheimer analyst Brian Bittner downgraded the rating on the stock from Outperform to Perform.
- Truist Securities analyst Jake Bartlett maintained a Buy rating, while lowering the price target from $345 to $340.
- Wedbush analyst Nick Setyan reiterated an Outperform rating and price target of $330.
Check out other analyst stock ratings.
Oppenheimer: “Our downgrade thesis was driven by lack of earnings catalysts to ’24/’25 estimates following a banner ’23 when EPS revised upwards by double-digits,” Bittner wrote in the …
Full story available on Benzinga.com
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