Yahoo Finance published this video item, entitled “McDonald’s, Domino’s to top the proverbial food chain in ’24” – below is their description.
While the Federal Reserve appears to be making a dovish pivot, many on Wall Street have argued that a recession is still a possibility for 2024. Investors often look for recession proof investments during times like these, including food and beverage stocks. Peter Saleh, BTIG Restaurants and Food Distributors Analyst, joins Yahoo Finance to give his picks highlighted in his firm’s 2024 Investors Guide: McDonald’s (MCD) and Domino’s (DPZ).
Saleh gives McDonald’s a “”buy”” rating with a price target of $300 per share, claiming: “”They’re accelerating development, especially in the US. That is accelerating pretty significantly over the next several years.””
For Domino’s, Saleh is also bullish, giving a “”buy”” rating with a $465 price target per share, claiming: “”They’re already seeing an acceleration in traffic, and in same-store sales that happened in the fourth quarter. We think that continues into 2024.””
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