McDonald's stock hits new two-year low following analyst downgrade

McDonald's Corporation shares have reached new lows, hitting a 52-week low and a two-year low during recent trading sessions on the New York Stock Exchange. The stock recently traded as low as approximately $259.85 to $260.93.

This downward trend follows an analyst downgrade from Argus, which lowered its price target from $320.00 to $310.00. Despite the price drop, some valuation models suggest the stock may be trading below its fair value. Other financial institutions have issued various ratings, including hold and market perform, as the company faces pressure reflecting broader consumer sentiment.