Baird Downgrades McDonald's To Neutral, Shares Fall

Analysts at Baird downgraded McDonald's

from Outperform to Neutral. The target price for McDonald's has been lowered from $104 to $98. McDonald's shares have fallen 0.51% over the past 52 weeks, while the S&P 500 index has gained 17.20% in the same period. McDonald's shares dropped 0.28% to $96.00 in pre-market trading.