KeyBanc analyst Eric Gonzalez raised the firm’s price target on McDonald’s (MCD) to $340 from $335 and keeps an Overweight rating on the shares. By most accounts, Q1 is proving to be a difficult one for the fast-food industry, the firm notes. That said, Q2 2025 is shaping up to be an important one, with several initiatives poised to drive share gains and potentially reinvigorate momentum, argues KeyBanc. Based on its industry conversations and proprietary data, the firm is lowering its Q1 same-store sales growth for McDonald’s USA, but raising its Q2 same-store sales growth estimate to 3.5% to reflect its optimism surrounding the innovation/marketing calendar.
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