Multiple banks cut McDonald’s price targets, with Citi reducing to $310
In mid-September 2024, Deutsche Bank, Royal Bank of Canada, Jefferies, and Citigroup each lowered their price targets for McDonald’s Corporation (MCD.N). Deutsche Bank cut its target from $325 to $300, RBC from $295 to $290, Jefferies from $350 to $325, and Citi from $345 to $310. The reports did not specify reasons for the downgrades. The revisions reflect a collective bearish reassessment of the fast-food giant’s stock value by multiple financial institutions.
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