Deutsche Bank Raises Price Target on McDonald’s (MCD)

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 DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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