McDonald’s price target raised to $345 from $340 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the firm’s price target on McDonald’s (MCD) to $345 from $340 and keeps an Outperform rating on the shares. The company’s Q1 results were challenged as expected as softer comps and margin pressure were offset by favorable G&A and tax rate, the analyst tells investors in a research note. The management also noted consumer pressures broadening to middle-income, but with no impact from anti-U.S. sentiment, the firm adds.