Tigress Financial analyst Ivan Feinseth raised the firm’s price target on McDonald’s to $330 from $320 and keeps a Buy rating on the shares, which it sees having further upside given how the company’s "Accelerating the Arches" strategy continues to drive further growth. McDonald’s resilient business model continues to drive "strong performance in all economic cycles," said the firm, which notes that its price target combined with dividends represents a potential total return of over 25% from current levels.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MCD:
- 2 Analyst-Loved Fast-Food Stocks for a Recession
- McDonald’s directors didn’t violate duty, Delaware lawsuit finds, WSJ reports
- McDonald’s (NYSE:MCD) Recent Celebrity Collab Attracts Trouble
- McDonald’s Cardi B, Offset promotion drawing franchisees pushback, WSJ reports
- Krispy Kreme confirms expanded market test with McDonald’s
