BofA analyst Sara Senatore raised the firm’s price target on McDonald’s to $291 from $277 and keeps a Neutral rating on the shares. U.S. same-store sales growth was “again mostly price driven” in Q3, with smaller negative mix headwind than in recent quarters as traffic turned negative, the analyst tells investors in a post-earnings note. The firm raised its target on rolled forward estimates, the analyst noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MCD:
- McDonald’s price target lowered to $325 from $340 at BMO Capital
- McDonald’s price target raised to $295 from $287 at Deutsche Bank
- McDonald’s price target lowered to $280 from $283 at Citi
- McDonald’s upgraded to Buy from Hold at DZ Bank
- McDonald’s Corporation Reported Earnings. Did it Beat Estimates?