BofA raised the firm’s price target on McDonald’s (MCD) to $324 from $321 and keeps a Neutral rating on the shares. Following earnings, the firm lowered its Q4 and FY25 EPS estimates to $2.95 and $12.60 from $3.01 and $12.73, respectively, and is rolling forward its 12-month forward estimates one quarter. The firm reiterates a Neutral rating as it continues to see limited opportunities for significant positive EPS revisions in the franchise model, particularly as topline growth remains sluggish.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCD:
- McDonald’s Reports Steady Revenue Growth Amid Global Challenges
- McDonald’s, Ford, Pfizer report Q3 earnings beats: Morning Buzz
- MCD Earnings: McDonald’s Tops Q3 Earnings but Comparable Sales Decline
- Unusually active option classes on open October 29th
- McDonald’s says ‘on pace’ with development goals in U.S.