Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5936
    +0.0001 (+0.02%)
     

  • NZD/EUR

    0.5547
    +0.0006 (+0.11%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    82.70
    -0.66 (-0.79%)
     

  • GOLD

    2,336.70
    -5.40 (-0.23%)
     

  • NASDAQ

    17,557.32
    +85.85 (+0.49%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,519.48
    +15.79 (+0.04%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • NZD/JPY

    92.0990
    +0.3330 (+0.36%)
     

McDonald’s stock dips, Guggenheim analyst reiterates Buy rating

Yahoo Finance Video

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.