McDonald’s price target lowered to $335 from $340 at RBC Capital

RBC Capital analyst Christopher Carril lowered the firm’s price target on McDonald’s to $335 from $340 and keeps an Outperform rating on the shares after its Q4 results. The company reported a “mixed” Q4 and forecast a “soft” start to the year, but the firm sees potential earnings upside from easing margin pressures, the analyst tells investors in a research note. Continued focus on domestic trends should be the likely driver of McDonald’s share performance, particularly in a more value-conscious operating environment, the firm added.