Loop Capital Reiterates Buy Rating on McDonald's (MCD)

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Go back to Loop Capital Reiterates Buy Rating on McDonald's (MCD)

Wall Street 'too conservative' on McDonald's: Jefferies

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

McDonald's (MCD) PT Raised to $330 at Jefferies

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