Rothschild & Co Redburn Upgrades McDonald’s (MCD), Morgan Stanley Trims PT

McDonald’s Corporation (NYSE:MCD) is included among the 10 Best Food Stocks with Highest Dividends.

Rothschild & Co Redburn Upgrades McDonald’s (MCD), Morgan Stanley Trims PT

On April 23, Rothschild & Co Redburn upgraded McDonald’s Corporation (NYSE:MCD) to Neutral from Sell and raised its price target to $306 from $260.The firm says McDonald’s has executed its most comprehensive value reset since the Dollar Menu era. US traffic has returned to growth. Its two-year stacked same-store sales trend also shifted from negative to positive, the analyst noted in a research report. While weight loss drugs remain a risk, cost “continues to gate penetration among the low- income households” for McDonald’s, Rothschild added.

On April 21, Morgan Stanley lowered its price recommendation on MCD to $334 from $335. It reiterated an Equal Weight rating. The analyst described the consumer as “resilient” and said Q1 should be “solid for some, ugly for others,” in an earnings preview covering restaurants and food distributors.

McDonald’s Corporation (NYSE:MCD) is a global foodservice retailer. Its business is divided into the US, International Operated Markets, and International Developmental Licensed Markets & Corporate segments. The US remains its largest market and is about 95% franchised.

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