McDonald’s price target raised to $340 from $335 at BMO Capital

BMO Capital raised the firm’s price target on McDonald’s (MCD) to $340 from $335 and keeps an Outperform rating on the shares. The company’s Q4 results missed as lower margins coupled with unfavorable other operating expense and G&A more than offset stronger franchise margins and international-led comp upside, the analyst tells investors in a research note. The management noted sequential U.S. comp acceleration in January however despite the sluggish global industry trends and guided to 2025 operating margin expansion, the firm adds, also noting that it remains optimistic about U.S. comp acceleration and views positively the company’s ability to drive long-term compounding growth.