BMO Capital raised the firm’s price target on McDonald’s (MCD) to $360 from $350 and keeps an Outperform rating on the shares after meeting with its CEO and CFO. The key focus of discussion was U.S. Extra Value Meals launch, but other topics included broader value opportunities, beverage platform test, and technology initiatives, and the firm came away more confident in the company’s ability to gain U.S. market share in near and long term owing to enhanced value leadership relative to competitive set, the analyst tells investors in a research note.
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