McDonald's Stock Upgraded to 'Buy' by Citigroup: Here's Why

AInvestFriday, Jan 10, 2025 4:28 pm ET

2min read

C --

MCD --

McDonald's Corporation, the world's leading quick-service restaurant chain, has received a significant boost in confidence from Citigroup, with the brokerage firm upgrading the company's stock to 'Buy' from 'Neutral.' This upgrade comes with a price target increase to $334, up from $311, reflecting Citigroup's positive outlook on McDonald's growth prospects. Let's dive into the reasons behind this upgrade and explore what it means for investors.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.