Morgan Stanley cuts McDonald's price target to $297
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On September 28, financial news outlet Cailianshe reported that Morgan Stanley has lowered its price target for McDonald's Corporation shares from $308 to $297. The adjustment represents a reduction of $11 per share from the previous target. The report does not specify the reasons behind the downgrade or provide any additional context regarding McDonald's business outlook or market conditions. This analyst action is a routine update from a major investment bank regarding one of the world's largest fast-food chains.
Source report
Date: September 28
Morgan Stanley has revised its price target for McDonald's Corporation, reducing it from $308 to $297 per share.
Source
财联社Neutral / independent
Part of this Story
Multiple analysts cut McDonald’s price targets, signaling bearish sentiment