McDonald’s price target raised to $340 from $320 at Bernstein

Bernstein analyst Danilo Gargiulo raised the firm’s price target on McDonald’s (MCD) to $340 from $320 and keeps a Market Perform rating on the shares following quarterly results. With traffic improving affordability metrics and opportunities to lean into menu innovation and exclusive brand moments, it is hard not to be excited, the firm says, as it increases its outlook for FY26, confident that McDonald’s can continue to take share from more challenged brands. At the same time, Bernstein continues to monitor the sustainability of economics for franchisees, their support toward the brand amid a greater control of their pricing actions, and impact that the continuation of K-shaped economy and GLP-1 risk may have on McDonald’s.