BofA raised the firm’s price target on McDonald’s (MCD) to $327 from $312 and keeps a Neutral rating on the shares. Following the company’s Q1 report, the firm raised its Q2 EPS view to $3.14 from $3.11 as it incorporates higher revenues and its FY25 EPS forecast moves to $12.30 from $12.27 as it incorporates more favorable forex assumptions.
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Read More on MCD:
- McDonald’s price target lowered to $329 from $330 at Morgan Stanley
- McDonald’s: Strategic Positioning and Growth Potential Amidst Economic Challenges
- McDonald’s price target raised to $315 from $300 at Baird
- McDonald’s price target raised to $314 from $292 at Piper Sandler
- McDonald’s price target raised to $355 from $347 at Barclays