McDonald's (MCD) shares have been through a tumultuous time, facing
declines in the face of an otherwise growing market. Despite the fall,
Citi anticipated positive 3Q/4Q performance, raising the price target to $301. Similarly,
Loop Capital maintained a Buy rating on the shares. Noteworthy events include a drop of 8% Year to Date post Q1 results, and the stock hitting a 52-week low, with insiders signaling
potential weakness by selling $7.6m in stock. Yet, positive prognoses suggest that McDonald's shares could recover and even sizzle soon. In light of encouraging prospects, the question arose whether it is
inflation-resistant, despite struggle sandwiches reported. Controversially, McDonald's stock flatlined as the CFO indicated lower-income customers were cutting back spending. Lastly, the company's stock saw a boost thanks to a
new partnership with
Krispy Kreme, giving their shares a sugar rush and creating a positive outlook for future collaborations. Ultimately, the drawn picture is mixed but suggests McDonald's might have a treat in store for investors.
Mcdonalds Stocks News Analytics from Tue, 12 Dec 2023 08:00:00 GMT to Fri, 13 Sep 2024 12:20:14 GMT -
Rating -3
- Innovation 0
- Information 7
- Rumor -2
