Truist analyst Jake Bartlett raised the firm’s price target on McDonald’s to $318 from $292 and keeps a Buy rating on the shares as part of a broader research note on Restaurants. Analysis from its data science team supports the firm’s "largely bullish" view on restaurant demand and suggests Q1 sales topped estimates, the analyst tells investors in a research note. McDonald’s will continue to gain share and accelerate development, Truist added.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MCD:
- Oppenheimer raises price target on ‘top pick’ McDonald’s to $315
- McDonald’s (NYSE:MCD) Is Cooking Up a Restructuring Order
- McDonald’s upgraded to Buy from Neutral at Northcoast
- McDonald’s cuts pay packages alongside layoffs, WSJ reports
- McDonalds franchisee checks see comps just ahead of consensus, says Loop Capital
