McDonald’s price target raised to $320 from $315 at Jefferies

Jefferies analyst Andy Barish raised the firm’s price target on McDonald’s to $320 from $315 and keeps a Buy rating on the shares. The recent Cardi B Famous Meal "appears a success" and the firm continues to be encouraged by the Famous Meals platform. The firm, which also highlights the company’s growing digital momentum, sees high visibility into same-store sales growth and "multiple catalysts that could drive the stock higher," including SG&A savings and accelerating unit growth.