McDonald's (MCD) "Emerging Catalysts" To Accelerate Growth

Oppenheimer keeps an outperform rating on McDonald's (MCD) shares and raises price target to $315 from $304. Alex Coffey and Jenny Horne discuss MCD as Oppenheimer sees "emerging catalysts" via its accelerating unit growth algorithm and leaner spending strategy, as well as strengthening fundamentals and faster growth and candidacy for positive earnings revisions. Jenny notes that MCD could be able to weather the storm better than some. Alex then demonstrates an example trade using MCD. The trade type is buy a call vertical and the direction is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

13 Apr 2023

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