McDonald's(MCD) The Motley Fool·2024-07-24 22:41Core Viewpoint - McDonald's stock experienced a slight decline following a price target reduction by UBS analyst Dennis Geiger, although it remains a buy recommendation with significant upside potential [1][2]. Group 1: Analyst Insights - UBS's Dennis Geiger lowered the fair value estimation of McDonald's from 305 per share, representing a 5 value meal deal, which was initially launched for a four-week period at the end of June [2][3]. - Approximately 93% of McDonald's locations have committed to extending the $5 meal deal, although the duration of the extension varies among franchisees [3]. - The extension of the value meal deal indicates that McDonald's is responsive to customer preferences, raising questions about the impact of such discounts on the company's fundamentals [3].