Loop Capital checks suggest accelerating same-store sales at McDonalds

Loop Capital analyst Alton Stump keeps a Buy rating and $328 price target on McDonald’s but also raises Q1 comps growth estimates in the U.S. to 7.5% from 5.5% and FY23 estimate to 4.9% from 4.4%. The firm is citing its latest McDonald’s U.S. franchisee checks indicating that same-store sales growth is once again off to a strong start to date in Q1.