McDonald’s price target raised to $310 from $304 at Wells Fargo

Wells Fargo analyst Zachary Fadem raised the firm’s price target on McDonald’s to $310 from $304 and keeps an Equal Weight rating on the shares. McDonald’s Q2 was “impressive,” featuring comps that were up 11.7%, broad-based margin upside, and the company increased its FY23 EBIT margins to 46%, the analyst tells investors in a research note.