McDonald’s Shares Slip as GLP-1 Risks Spur Rare Sell Rating
McDonald’s US same-stores sales fell 3.6% in the first-quarter of this year.
Photographer: David Paul Morris/BloombergMcDonald’s Corp. shares slipped on Tuesday after Redburn Atlantic gave the burger chain its sole sell rating, saying shifting consumer patterns due to weight-loss drugs and inflation are cause for concern.
Shares of McDonald’s fell as much as 1.8% to a March low on the downgrade, a two-notch cut from Redburn’s previous buy rating. Redburn held a buy rating on the stock since initiating coverage in 2023.