Truist analyst Jake Bartlett lowered the firm’s price target on McDonald’s to $335 from $340 but keeps a Buy rating on the shares as part of a broader research note on Restaurants. The firm’s Truist Card Data findings suggest in-line sales on average in Q3 for the group, the analyst tells investors in a research note. Truist adds that the company’s U.S. same store sales momentum is being driven by strong marketing and strong operations as its service times are down and customer satisfaction scores are up, though its price target cut reflects adverse currency factors.
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