Morgan Stanley lowered the firm’s price target on McDonald’s (MCD) to $335 from $340 and keeps an Overweight rating on the shares after adjusting estimates based on recent industry trends and company-specific factors. The firm now models 2025 global same-store sales growth of 2.6%, versus 3.0% previously and 2.7% projected by the Street, given Q1 revisions. The reduced top-line leads to an EPS projection of $12.23, versus a $12.42 prior view and Street forecast of $12.25.
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