Wells Fargo cuts McDonald’s stock price target on franchisee deal concerns
Investing.com Canada
Wells Fargo has lowered its price target for McDonald's (NYSE: MCD) to $270 from $300, while maintaining an Overweight rating, due to concerns about the company's pricing and value strategy following its recent Accelerating the Arches Day presentation. The firm also reduced its earnings per share estimates for 2026-2028, anticipating that its "NEXT" initiative investments will lead to peak headwinds in fiscal 2030, benefiting franchisees more than shareholders. McDonald's stock has underperforme
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