- The shares of McDonald’s Corp (NYSE: MCD) have received a price target increase from $247 to $251 by RBC Capital. These are the details.
The shares of McDonald’s Corp (NYSE: MCD) have received a price target increase from $247 to $251 by RBC Capital. And RBC Capital Markets analyst Christopher Carril reiterated an “Outperform” rating on the company shares.
McDonald’s will be reporting its first-quarter earnings on April 29. On Friday, Nick Setyan of Wedbush issued a price target increase from $240 to $255 and a “Buy” rating. And UBS analyst Dennis Geiger reiterated a “Buy” rating and increased the price target on McDonald’s from $240 to $255 as well.
Carril pointed out that even though the company’s international operations were impacted by the ongoing closures due to the COVID-19 pandemic, the late momentum this year continued in the new year for U.S. operations. And Carril noted that he is upbeat about the company’s same-store sales growth. Plus the company’s sales will be supported by menu innovation such as spicy McNuggets and the launch of a new crispy chicken sandwich.
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