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.