Canada markets close in 31 minutes
  • S&P/TSX

    20,314.79
    +133.35 (+0.66%)
     
  • S&P 500

    4,290.46
    +16.42 (+0.38%)
     
  • DOW

    34,020.47
    +40.15 (+0.12%)
     
  • CAD/USD

    0.7734
    -0.0012 (-0.15%)
     
  • CRUDE OIL

    90.61
    +2.50 (+2.84%)
     
  • BTC-CAD

    30,266.62
    -35.86 (-0.12%)
     
  • CMC Crypto 200

    558.38
    +0.65 (+0.12%)
     
  • GOLD FUTURES

    1,774.40
    -2.30 (-0.13%)
     
  • RUSSELL 2000

    2,000.86
    +13.55 (+0.68%)
     
  • 10-Yr Bond

    2.8800
    -0.0130 (-0.45%)
     
  • NASDAQ

    12,997.13
    +59.01 (+0.46%)
     
  • VOLATILITY

    19.50
    -0.40 (-2.01%)
     
  • FTSE

    7,541.85
    +26.10 (+0.35%)
     
  • NIKKEI 225

    28,942.14
    -280.63 (-0.96%)
     
  • CAD/EUR

    0.7657
    +0.0050 (+0.66%)
     
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

McDonald’s stock dips, Guggenheim analyst reiterates Buy rating

In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Yahoo Finance Live anchors discuss the stock decline for McDonald’s stocks after a Guggenheim analyst reiterated its Buy rating.

Video Transcript

BRIAN SOZZI: All right, before we head to break, let's get a quick look at shares of Big Mac seller McDonald's. Guggenheim analyst Greg Frankfurt is calling the stock his, quote, "McPort in the storm." He wrote that, I didn't. That's at the top of his report this morning, guys. He maintained his buy rating and $280 price target on McDonald's. The analyst thinks McDonald's is a solid defensive investment should the US enter a recession.

- Clearly that's the only reason you're talking about it.

BRIAN SOZZI: Clearly, a McPort in the storm, really good analysts report.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting