McDonald’s price target raised to $310 from $300 at Evercore ISI

Evercore ISI analyst David Palmer raised the firm’s price target on McDonald’s (MCD) to $310 from $300 and keeps an Outperform rating on the shares. The firm is raising both its target and estimates for McDonald’s for calendar Q1 as part of a preview for the restaurant group. The firm adds that it is "most positive" on same-store sales growth upside at McDonald’s U.S., Yum! Brands’ (YUM) domestic Pizza Hut and KFC brands, and Restaurant Brands’ (QSR) Tim Horton’s Canada.