McDonald's Stock Upgraded to 'Buy' by Citigroup: Here's Why
Generated by AI AgentWesley Park
Friday, Jan 10, 2025 4:28 pm ET1min read
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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.
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.
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