RBC Capital Cuts McDonald’s Price Target After Lowering Earnings Forecast

The story

RBC Capital has reportedly cut its price target for McDonald’s (MCD) from $295 to $290.

The firm is said to have lowered the price target following a downward revision to its earnings forecast, while its investment rating reportedly remains Sector Perform.

The change represents an adjustment to the price target for investors, with the new target and rating provided together.

At a glance

StockMcDonald’s (MCD)

Target Share PriceNew price target: $290

RevisionPrice target cut from $295 to $290

RatingSector Perform maintained

SourceRBC Capital

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