Analysts Lower McDonald’s Price Targets Despite Q1 Earnings Beat
Despite reporting better-than-expected first-quarter earnings and revenue, analysts from Morgan Stanley and RBC Capital lowered their price targets for McDonald's (MCD). The company reported a 3.8% increase in global comparable sales compared to the previous year but warned of weaker second-quarter performance due to high fuel prices affecting consumer spending.
Tickers: $MCD
Topics: analysts MCD McDonald's price targets Q1 earnings beat