Baird analyst David Tarantino raised the firm’s price target on McDonald’s to $312 from $288 and keeps an Outperform rating on the shares. The analyst said we see potential for Q1 comps/EPS to exceed estimates and we continue to believe MCD can fuel solid operating momentum in the balance of 2023 despite possible economic headwinds. Based on this outlook, we still see opportunity for reasonably good risk-adjusted return for the shares over the next 6-12 months.
Published first on TheFly
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