Truist raised the firm’s price target on McDonald’s (MCD) to $356 from $350 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results for Limited Service Restaurants, or LSR. Truist is encouraged by a slight uptick in momentum in June and expects the ‘Snack Wrap’ to benefit from a bigger marketing effort, proven success historically and the value-oriented nature of the offering, the analyst tells investors in a research note.
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