McDonald’s Stock Gets a Downgrade. Chicken Strips Are to Blame. - Barron's
1. Loop Capital downgraded MCD to Hold, lowering price target to $315. 2. U.S. comparable sales fell 3.6% in Q1 2024, affecting MCD performance. 3. Negative consumer feedback on new chicken strips impacting revenue outlook. 4. Sales growth forecasts revised downward, below Wall Street expectations. 5. TD Cowen sees short-term sales boosts fading, maintaining Hold rating at $305.