Deutsche Bank analyst Brian Mullan downgraded McDonald's (MCD – Research Report) to Hold yesterday and set a price target of $259.00. The company's shares closed last Tuesday at $257.09. According to TipRanks.com, Mullan is a 3-star analyst with an average return of 1.6% and a 39.3% success rate. Mullan covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Papa John's International. Currently, the analyst consensus on McDonald's is a Strong Buy with an average price target of $280.38, representing a 12.3% upside. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $250.00 price target.
https://www.tipranks.com/news/blurbs/deutsche-bank-downgrades-mcdonalds-mcd-to-hold?utm_source=advfn.com&utm_medium=referral
McDonalds (NYSE:MCD)
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