McDonald’s price target raised to $350 from $345 at BMO Capital

BMO Capital raised the firm’s price target on McDonald’s (MCD) to $350 from $345 and keeps an Outperform rating on the shares. The company’s Q2 earnings topped estimates as stronger global comps and lower G&A more than offset non-operating income and tax rate headwinds, the analyst tells investors in a research note. McDonald’s also reiterated the majority of its 2025 guidance but modestly tempered co-op margin expectations and lowered interest expense outlook, the firm added.