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McDonald's Stock Eyes Worst Day Since March 2020
MCDMcDonald's(MCD) Schaeffers Investment Research·2024-10-23 14:35

McDonald's Corp (NYSE:MCD) stock is down 6.6% to trade at 293.94atlastcheck,aftertheU.S.CentersforDiseaseControlandPrevention(CDC)linkedanE.colioutbreaktothefastfoodcompany′s QuarterPounderburgers.Theincidentresultedin10hospitalizationsandonedeath,accordingtothehealthagency.Inresponse,Guggenheimcutitspricetargetto293.94 at last check, after the U.S. Centers for Disease Control and Prevention (CDC) linked an E. coli outbreak to the fast food company's Quarter Pounder burgers. The incident resulted in 10 hospitalizations and one death, according to the health agency. In response, Guggenheim cut its price target to 285 from $290.Shares are on track for their worst day since March 2020 and third-straight daily drop, as they pivot lower from their Oct. 21, recor ...