MCD - Choppier Macro Environment Likely To Be A Catalyst For McDonald's Says Analyst | Benzinga
Oppenheimer analyst Brian Bittner reiterated an Outperform rating on the shares of McDonald's Corp (NYSE: MCD) with a price target of $315.00.
The company's investor conference has been scheduled for December 6.
The analyst believes MCD could follow similar playbook to 2020's Investor Day by providing a FY24/FY25 outlook for mid-single-digit system sales growth, EBIT margins of high-40s, and strategies to accelerate unit growth.
A capital expenditure update and formal capital return targets also appear likely, adds ...