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McDonald’s Corporation (NYSE:MCD) is included among the 10 Best Blue Chip Stocks to Invest in According to Billionaires.
On April 27, Erste Group downgraded McDonald’s Corporation (NYSE:MCD) to Hold from Buy. Profit growth this year is expected to come in moderately below the sector average, and a “continuation of the medium-term sideways trend currently appears likely,” the analyst tells investors.
On April 23, Rothschild & Co Redburn upgraded MCD to Neutral from Sell and raised its price target to $306 from $260.The firm said McDonald’s has carried out its most comprehensive value reset since the Dollar Menu era. U.S. traffic has started to grow again, and the two-year stacked same-store sales trend has turned positive after being negative, the analyst tells investors in a research note. It also noted that while weight loss drugs remain a risk, cost “continues to gate penetration among the low- income households” for McDonald’s, according to Rothschild
McDonald’s Corporation (NYSE:MCD) is a global foodservice retailer. Its segments include the US, International Operated Markets, and International Developmental Licensed Markets & Corporate. The US segment is its largest market and is about 95% franchised.
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