McDonald’s price target lowered to $283 from $296 at RBC Capital

RBC Capital analyst Christopher Carril lowered the firm’s price target on McDonald’s to $283 from $296 and keeps an Outperform rating on the shares after its Q4 results. The company’s recent management change and macro pressures have created some near-term questions, but the stock is attractive at current levels given the substantial investments made behind its domestic business and expectation that free cash flow is poised to accelerate as capex begins to decline, the analyst tells investors in a research note.