Robert W. Baird Sticks to Their Buy Rating for McDonald’s (MCD)

By Carrie Williams

Robert W. Baird analyst David Tarantino maintained a Buy rating on McDonald’s (MCDResearch Report) on May 24. The company’s shares closed last Friday at $233.89, close to its 52-week high of $238.18.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 13.8% and a 70.9% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

McDonald’s has an analyst consensus of Strong Buy, with a price target consensus of $256.36, a 9.5% upside from current levels. In a report issued on May 20, BTIG also maintained a Buy rating on the stock with a $255.00 price target.

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The company has a one-year high of $238.18 and a one-year low of $178.88. Currently, McDonald’s has an average volume of 2.9M.

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Founded in 1955, McDonald’s Corp. is world’s leading fast food chain that operates and franchises over 30,000 restaurants in more than 100 countries. More than 90% of McDonald’s restaurants are owned and operated by independent local business owners. Its popular products include Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, McDonald’s Fries, McFlurry desserts, and McCafé beverages, among others. The company is headquartered in Oak Brook, Illinois.