Deutsche Bank reported on Thursday that it has raised its price target on fast food giant, McDonald’s Corporation (MCD).
The firm, which currently has a “Buy” rating on MCD, has increased the company’s price target to $110. This price target suggests a 8% upside from the stock’s current price of $101.24.
Although the company has not preformed as well as its peers, analysts have raised their price target on the company based on its attractive dividend yield which is over 3%.
McDonald’s shares were down -$1.35, or -1.32% during Thursday morning trading. The stock has increased 4% in the past year.
The Bottom Line
Shares of McDonald’s Corporation (MCD) have a 3.05% yield, based on Thursday morning’s price of $101.07.
McDonald’s Corporation (MCD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.