McDonald’s price target raised to $360 from $355 at Tigress Financial

Tigress Financial raised the firm’s price target on McDonald’s to $360 from $355 and keeps a Buy rating on the shares. The firm cited McDonald’s “strong brand equity” and “value proposition” as well as the company’s “operational excellence and leveraging of key digital initiatives and its loyalty program,” as reasons McDonald’s should continue to “drive strong performance in a difficult consumer environment.”