(CercleFinance.com) – The title starts the session in the green taking advantage of the positive analysis of UBS.
UBS reaffirms its ‘buy’ recommendation on McDonald’s despite a price target lowered from 300 to 290 dollars, new target leaving a potential upside of 17% for the title of the fast food group which it judges ‘well positioned for uncertainty ‘.
“Underlying momentum in sales and accelerating unit growth should continue, while McDonald’s stock remains attractive should macroeconomic pressures weigh on sector demand,” the broker said.
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