McDonald’s slips as CDC says E. coli outbreak tied to Quarter Pounder killed one
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October 23, 2024 6:13 AM EDT
Goldman Sachs analyst Christine Cho reiterated a Neutral rating and $325.00 price target on McDonald's (NYSE: MCD).
The analyst comments "On October 22, the CDC reported an E.coli outbreak linked to MCD's Quarter Pounder across 10 states. The CDC said there have been 49 cases (as of October 22), including... More
October 23, 2024 5:54 AM EDT
Evercore ISI analyst David Palmer reiterated an Outperform rating and $340.00 price target on McDonald's (NYSE: MCD).
The analyst comments "After the close yesterday, the CDC announced an E. coli outbreak that was linked to McDonalds Quarter Pounders. This outbreak which has so far resulted in 49 sick, 10 hospitalized, and 1 dead. McDonalds issued a press release following the announcement (see HERE) including a video from US president Joe Erlinger. The food safety issue has so far been regional with most of the sicknesses reported in Colorado and Nebraska. It appears the E. coli... More
October 23, 2024 5:53 AM EDT
Raymond James analyst Brian Vaccaro reiterated a Market Perform rating on McDonald's (NYSE: MCD).
The analyst comments "After todays close, the U.S. Centers for Disease Control and Prevention and other federal agencies announced that they are investigating an E. coli outbreak linked to McDonalds quarter pounders across 10 states (most in CO and NE). MCD shares were down ~10% initially on this news, but recovered a bit to down 7% at the time of this writing (after recently hitting an all-time high). The company posted a message (link here) announcing that it is removing... More
October 23, 2024 5:43 AM EDT
BTIG analyst Peter Saleh reiterated a Neutral rating on McDonald's (NYSE: MCD).
The analyst comments "McDonald's generated some worrisome news after the close yesterday with reports of an E. coli outbreak across a handful of Western states, potentially complicating the optimism around... More
