Citi Reiterates Buy Rating on McDonald's (MCD)
Citi analyst Jon Tower reiterated a Buy rating and $336.00 price target on McDonald's (NYSE: MCD)
The analyst comments "At first blush, 4Q earnings/’25 outlook came in better than feared, with upside driven by comp performance outside the US (IOM and IDLM better) and the US posting positive traffic growth in the Q (with check negative), with the shortfall in revenue tied to Street mis-modeling ownership shifts rather than fundamentals. The outlook for ’25 KPIs look in-line with Citi/Street expectations and we see the encouraging signs from global comp relative strength, and positive US traffic (ahead of the aggressive US value pivot/new product news launching in ’25) should bolster shares in the NT (and supports our constructive thesis on the name)."
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Shares of McDonald's closed at $294.30 yesterday.