McDonald’s price target raised to $320 from $300 at Stephens

Stephens raised the firm’s price target on McDonald’s to $320 from $300 and keeps an Overweight rating on the shares. The firm is increasing its Q4 estimates – including raising its U.S. same-store sales growth estimate to 5% from 3.5% – ahead of McDonald’s report due on February 5. From an adjusted EPS perspective, the firm’s estimate moves up to $2.82, in line with consensus.