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

UBS analyst Dennis Geiger lowered the firm’s price target on McDonald’s to $335 from $340 and keeps a Buy rating on the shares. McDonald’s is well positioned to drive an improved sales trajectory through the year and gain further share in key markets despite recent commentary around international macro pressures and ongoing lower income consumer challenges in the U.S., the analyst tells investors in a research note. The firm’s Quick Service Restaurant Survey results suggest McDonald’s remains among the best positioned QSRs, with still strong value scores even as pricing has likely impacted perceptions.