Analysts can definitely move stocks and the downgrade today from RBC on a report that a team of analysts wrote warning of a dim outlook for the fast-food industry in general and McDonalds Stock (MCD) in particular. The team of analysts lowered their price target to $170 a share from $190, citing “deteriorating industry conditions and a disappointing early sales impact from the $1, $2, $3 value menu.”
Combined with the market sell-off, this is all it took to trampled the shares which fell to $146.84.
Here are the trades today in McDonalds Stock (MCD).
The rest of this McDonalds Stock trade article is for FullyInformed Members.
McDonalds Stock (MCD) Collapse, Analysis and Trade Alerts – Mar 2 2018
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