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Susquehanna Raises Price Target on McDonald’s (MCD)
Susquehanna reported on Monday that they have increased their price target on fast food giant, McDonald’s Corporation(MCD
).
The firm has raised their price target on MCD from $98 to $109. This price target suggests a 13% increase from the stock’s current price of $94.87.
McDonald’s shares were mostly flat during premarket trading Monday. The stock has declined -4.6% in the past year.
The Bottom Line
Shares of McDonald’s Corporation(MCD) have a 3.25% yield, based on Friday’s closing price of $94.87.
McDonald’s Corporation(MCD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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