McDonald’s price target lowered to $353 from $360 at Citi

Citi analyst Jon Tower lowered the firm’s price target on McDonald’s (MCD) to $353 from $360 and keeps a Buy rating on the shares as part of a Q1 earnings preview. The company’s Q1 global comps likely came in in worse than expected as weather, a “still-challenged” low income consumer and limited new product news during the period weighed on growth, the analyst tells investors in a research note. However, Citi believes this will mark a low point for the year as the brand brings new products to menus and laps softer compares over the balance of 2025. The firm believes McDonald’s “remains on the right side of the uncertainty/tariff trade.”