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