Wells Fargo cuts McDonald’s stock price target on franchisee deal concerns
Investing.com
Wells Fargo has lowered its price target for McDonald's (NYSE:MCD) stock from $300 to $270, citing concerns about the company's pricing and value strategy, particularly following its "Accelerating the Arches Day" presentation. The firm also adjusted its earnings per share estimates for 2026-2028 downwards, expecting headwinds from McDonald's NEXT initiative to peak in fiscal 2030. McDonald's stock has seen a 24% decline year-to-date, contrasting with a 13% gain in the S&P 500, with several other
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