Truist analyst Jake Bartlett raised the firm’s price target on McDonald’s (MCD) to $350 from $340 and keeps a Buy rating on the shares after its Q1 results. The company has begun leaning into innovation and marketing to offset broad based macro pressure, with its recent Minecraft promotion driving improved April SSS, the analyst tells investors in a research note. International fast food demand is pressured, but not significantly by anti-US sentiment as feared, Truist adds.
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