McDonald's US head vows to improve safety after E. coli outbreak, more cases expected
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Goldman Sachs Reiterates Neutral Rating on McDonald's (MCD)
October 23, 2024 6:13 AM EDTGoldman 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
Evercore ISI Reiterates Outperform Rating on McDonald's (MCD)
October 23, 2024 5:54 AM EDTEvercore 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
Raymond James Reiterates Market Perform Rating on McDonald's (MCD)
October 23, 2024 5:53 AM EDTRaymond 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
