#1 - McDonald’s (NYSE:MCD)
Let’s start with one of the usual suspects. Although some people will always be cynical about McDonald’s (NYSE:MCD), it continues to show an ability to adapt to circumstances. The stock has nearly made back all its losses for the year, and analysts are expressing optimism about the company’s future plans.
And it seems a lot of those plans simply involve listening to what their franchise owners are asking for. The company continues to streamline its menu to help drive efficiency. But the company is also benefiting from a successful reopening of many of its dining rooms.
There are uncertainties about the national reopening, but a company with a strong balance sheet like McDonald’s is better suited to handle an environment that may see renewed or modified lockdown measures.
The company is not without its issues. There is some concern about recent sexual harassment complaints filed against the company. And investors will be keenly eyeing the company’s second-quarter earnings report in July to see clear evidence that the prior quarter’s disappointing report was a fluke.
About McDonald's
McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.
Read More - Current Price
- $293.62
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $319.46 (8.8% Upside)
