McDonald's Q1 earnings top estimates amid strong diner demand, price hikes

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McDonald's (MCD) PT Raised to $325 at Guggenheim

April 26, 2023 6:13 AM EDT

Guggenheim analyst Gregory Francfort raised the price target on McDonald's (NYSE: MCD) to $325.00 (from $305.00) while maintaining a Buy rating.

The analyst commented, "McDonalds posted a very strong 1Q23 with EPS of $2.45 (that does not back out an $0.18 restructuring charge) vs. our $2.35 estimate. We... More