McDonald's stock gets a fresh KeyCorp target cut to USD 280.00

Published on 10/06/2026 at 18:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

McDonald's stock gets a KeyCorp target cut to USD 280.00 on October 6, 2026. Q2 adjusted EPS rose 6 percent to USD 3.38, while the shares stayed near a 52-week low.

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McDonald's stock was trading at USD 233.90 on the NYSE on October 6, 2026 at 12:04 p.m. ET, up 0.37 percent from the prior close. The fresh catalyst is a KeyCorp target cut from USD 305.00 to USD 280.00, while the brokerage retained its Overweight rating, according to MarketBeat on October 6, 2026.

KeyCorp cuts its target

The new KeyCorp target stands 19.7 percent above the NYSE price. The report also lists a Moderate Buy consensus, based on 37 analyst ratings, with an average target of USD 297.76, according to MarketBeat.

That consensus target is 27.3 percent above the October 6 price, but the latest analyst revisions point to a more cautious near-term view. Wells Fargo lowered its target from USD 300.00 to USD 270.00 with an Overweight rating, while Guggenheim cut its target from USD 290.00 to USD 250.00 and kept a Neutral rating, as Benzinga reported on October 6, 2026.

Q2 profit outpaced sales

McDonald's Q2 2026 adjusted earnings per share reached USD 3.38, a 6 percent year-over-year increase, while consolidated revenue rose 4 percent to USD 7.099 billion. The figures excluded USD 0.06 per share of restructuring charges and were reported in the company's second-quarter filing summarized by Stock Titan on August 4, 2026.

The operating picture was mixed inside that result. Global comparable sales increased 1.3 percent in Q2, with the United States at 0.8 percent, International Operated Markets at 1.5 percent and International Developmental Licensed Markets at 1.9 percent, according to Stock Titan.

Stock stays near yearly low

At USD 233.90, McDonald's stock stood 2.1 percent above its 52-week low of USD 229.20 and 31.6 percent below its 52-week high of USD 341.75. Trading volume was 1,825,157 shares, while market capitalization stood at USD 166.2 billion on October 6, 2026.

For investors, the tension is visible in the gap between resilient adjusted earnings and softer U.S. customer traffic. KeyCorp's target cut puts execution of McDonald's value strategy and the pace of sales recovery ahead of the next results as the central valuation test.