MCD Jul 2024 230.000 put

McDonald's: Guggenheim cuts price target on fast food stock

Guggenheim cut its price target on fast food giant McDonald's (MCD) from $315 to $280 per share. The Morning Brief team reviews the analyst note, which cites McDonald's softening sales as a cause for concern. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch more of Yahoo Finance's coverage on the latest fast food value meals: Are consumers responding to fast food's new value options? Fast food chains lean into value this summer. Will it be enough to boost their lagging stocks? McDonald's $5 value meal hits menus as the Golden Arches looks to bring customers back Taco Bell joins the fast food value meal trend McDonald's officially adds $5 value meal to menu UBS maintains McDonald's Buy rating, cites value meal boost The key to value meals: Don't 'sacrifice' quality for price Fast food companies compete for the best value meal