Truist analyst Jake Bartlett lowered the firm’s price target on McDonald’s (MCD) to $350 from $360 and keeps a Buy rating on the shares as part of a broader research note previewing a “lackluster” Q3 among Restaurant names. Sales growth appeared to decelerate since July, which was boosted by the July 10 launch of ‘Snack Wraps’, amid macro pressures and a near-term drag from lower combo pricing, the analyst tells investors in a research note. Q4 US SSS should improve however, driven primarily by easy compares due to E. Coli outbreak in October of 2024, Truist added.
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