Wells Fargo added McDonald’s (MCD) to the firm’s Q1 2025 “Tactical Ideas List.” The firm notes that McDonald’s stock has been in the penalty box post the E. coli outbreak, with shares range bound between $290-$300 since October. However, Wells sees McDonald’s breaking out as a “Ketchup” year kicks off in Q1 driven by share gains accelerating on the back of the new McVALUE platform launch; falling gas prices lifting U.S. low-end consumer trends; and a pivotal Q4 2024 earnings update assuaging E. coli fears and rewarding McDonald’s U.S. focused development efforts in recent years. The firm has an Overweight rating on the shares with a price target of $350.
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