Truist analyst Jake Bartlett raised the firm’s price target on McDonald’s to $318 from $292 and keeps a Buy rating on the shares as part of a broader research note on Restaurants. Analysis from its data science team supports the firm’s "largely bullish" view on restaurant demand and suggests Q1 sales topped estimates, the analyst tells investors in a research note. McDonald’s will continue to gain share and accelerate development, Truist added.
Published first on TheFly
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