McDonald’s price target lowered to $330 from $345 at KeyBanc

KeyBanc analyst Eric Gonzalez lowered the firm’s price target on McDonald’s (MCD) to $330 from $345 and keeps an Overweight rating on the shares. The firm sees no major surprises in Q1 earnings, with U.S./IOM comparable sales coming in perhaps slightly higher than investor expectations. April softness is likely transitory – due in large part to tough year-over-year comparison – but macro uncertainty will very much remain focus, adds KeyBanc.