McDonald’s (NYSE:MCD) – This most-famous-of-all fast-food chains operates in more than 100 countries. Internationally, people love the quality and quick service McDonald’s provides, and shareholders have benefited from MCD’s huge cash flow and its history of returning cash to stockholders through buybacks and dividend hikes.
Following another tremendous quarter announced Friday, MCD stock gapped higher, which supports the current move. Analysts’ consensus target price has been raised to $109. Technically, MCD is breaking from a “deep V” with a target price of $110.
No comments:
Post a Comment