Loop Capital Reiterates Buy Rating on McDonald's (MCD)
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September 9, 2024 11:18 AM EDT
Investing.com -- Jefferies analysts believe Wall Street is underestimating McDonald's (NYSE: MCD) potential in the third quarter, suggesting that current projections for U.S. same-store sales (SSS) are too conservative.
According to the firm in a note Monday, foot traffic data through August indicates that McDonald's could outperform the Street's estimate.
"We think a greater focus on value (marketing) is starting to work more... More
September 9, 2024 9:47 AM EDT
Jefferies analyst Andy Barish raised the price target on McDonald's (NYSE: MCD) to $330.00 (from $310.00) while maintaining a Buy rating.
The analyst comments "Foot traffic data through August averaging >3% vs flat in 2Q, suggesting upside to the current Street estimate... More
