McDonald’s price target raised to $295 from $287 at Deutsche Bank

Deutsche Bank raised the firm’s price target on McDonald’s to $295 from $287 and keeps a Buy rating on the shares. The company delivered a strong Q3 print, with an earnings beat driven by sales and operating margin, the analyst tells investors in a research note. The firm likes McDonald’s “defensive” business model and value proposition, and sees the company as well positioned to maintain global momentum and same-store-sales outperformance irrespective of the consumer environment.