McDonald’s price target lowered to $300 from $315 at BTIG

BTIG analyst Peter Saleh lowered the firm’s price target on McDonald’s to $300 from $315 and keeps a Buy rating on the shares. The firm is citing its findings from the regular quarterly round of McDonald’s franchise checks last week coming a few weeks earlier than usual that intend to capture reaction to the royalty increase announced last Friday, stating that its conversations pointed to mixed sales trends and a generally more cautious tone. While some operators have seen continued strength, most have seen a moderation in sales trends over the past two months, the analyst tells investors in a research note.