McDonald’s price target raised to $316 from $312 at BofA

BofA raised the firm’s price target on McDonald’s (MCD) to $316 from $312 and keeps a Neutral rating on the shares. The firm anticipates that McDonald’s results will improve as the industry moves past the weather and calendar related pressure on traffic, but also expects that the check pressure that largely drove Q4 U.S. same-store sales growth to miss will persist as the company leans into value to drive traffic to offset macroeconomic pressures across most markets, the analyst tells investors in a post-earnings note.