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MCD Stock’s Target Cut To $250 By Bernstein Amid Sales Growth Concerns, NEXT Uncertainty
Stocktwits ·
Stocktwits reports: McDonald’s Corp. (MCD) is in focus Thursday after Bernstein lowered its price target on the stock, citing the company’s sales growth prospects while remaining constructive on its longer-term margin opportunity. MCD shares were trading marginally higher at the time of writing on Thursday. Bernstein Cuts McDonald’s Price Target Bernstein lowered its price target to $250 from $295 and maintained a 'Market Perform' rating on McDonald’s shares, according to The Fly. The firm…