Citi analyst Jon Tower raised the firm’s price target on McDonald’s to $317 from $301 and keeps a Neutral rating on the shares. The firm expects relative Q3 U.S. same-store-sales outperformance for McDonald’s versus other fast-food players. McDonald’s can speak to a pipeline of innovation and more value coming, says Citi, which sees less risk of 2025 unit growth expectations downshifting versus other global fast-food names.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on MCD:
- CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz
- Arcos Dorados to exercise option to renew MFA with McDonald’s
- McDonald’s price target raised to $320 from $280 at Baird
- McDonald’s raises quarterly dividend 6% to $1.77 per share
- MCD, SBUX, or CMG: Which Fast-Food Stock is the Best Investment Opportunity?