Barclays keeps an Overweight rating and $325 price target on McDonald’s (MCD) following today’s reports of and E. coli outbreak linked to Quarter Pounder hamburgers. The firm notes that the near-term impact to consumer confidence, restaurant fundamentals, and stock performance can be material as food safety is the #1 priority in the restaurant industry, though “using history as a guide”, Barclays believes that time will likely “heal these wounds.”
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- McDonald’s sinks after E. coli outbreak linked to Quarter Pounder hamburgers
- McDonald’s linked to e. coli outbreak in mountain west states, Bloomberg reports
- McDonald’s sinks 9% to $285 after CDC says burgers linked to E.coli
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