McDonald’s price target raised to $262 from $250 at JPMorgan

JPMorgan analyst John Ivankoe raised the firm’s price target on McDonald’s to $262 from $250 and keeps an Overweight rating on the shares. Restaurants are "seeing a remarkable combination of events," with greater clarity on food and labor cost inflation being matched with the highest year-over-year menu pricing, said Ivankoe as he highlights who he thinks are the likely "winners" in the space as commodity, labor and energy disinflation is matched with still-solid underlying consumption.