McDonald’s price target raised to $300 from $280 at JPMorgan

JPMorgan raised the firm’s price target on McDonald’s (MCD) to $300 from $280 and keeps an Overweight rating on the shares following the Q4 report. The firm sees “derisked visibility” to accelerating trends at McDonald’s with its adaptive value strategy and upcoming product catalysts. The analyst believes these dynamics will push McDonald’s shares over $300.