Analyst Andy Barish of Jefferies reiterated a Buy rating on McDonald’s, with a price target of $360.00.
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Andy Barish has given his Buy rating due to a combination of factors that suggest McDonald’s is poised for growth. The company’s strategic initiatives, such as the reintroduction of Extra Value Meals and increased marketing efforts, are expected to drive traffic and sales. These efforts are supported by a significant advertising budget and financial support for franchisees, which should help build momentum and offset any short-term revenue impacts from price reductions.
Furthermore, McDonald’s international markets show strong potential, with anticipated share gains in a challenging quick-service restaurant environment. The return of the MONOPOLY game and new product offerings, like the CosMc’s-inspired drinks, are also expected to contribute positively to sales. With these initiatives, McDonald’s is positioned to reclaim its leadership in the value category, and Barish maintains a price target of $360, reflecting confidence in the company’s future performance.
Barish covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, CAVA Group, Inc., and McDonald’s. According to TipRanks, Barish has an average return of 8.3% and a 55.73% success rate on recommended stocks.
In another report released on September 29, KeyBanc also reiterated a Buy rating on the stock with a $335.00 price target.