McDonald's (MCD) PT Raised to $300 at Argus

December 30, 2021 7:45 AM EST
Get Alerts MCD Hot Sheet
Price: $261.63 +0.60%

Rating Summary:
    29 Buy, 16 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 46 | New: 5
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Argus analyst John Staszak raised the price target on McDonald's (NYSE: MCD) to $300.00 (from $275.00) while maintaining a Buy rating.

  • expect McDonald’s, with its strong digital, delivery, and drive-thru businesses, to endure a period of weak industry sales better than most other restaurant chain.
  • raising 2021 EPS estimate to $9.24 from $9.20 and 2022 estimate to $9.98 from $9.95.

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