McDonald's Price Target Raised on Digital Momentum
<p><a href='https://financialmodelingprep.com/financial-summary/MCD'>Jefferies raised McDonald's (NYSE:MCD)</a> price target to $320 from $315 and maintained a Buy rating, highlighting its digital momentum, exemplified by the successful Cardi B Meal launch and a surge in active rewards members.</p>
<p>Digital sales in Q4 accounted for more than 35% of the top 6 markets' system sales, with 40% from the U.S. and 90% from China. Jefferies anticipates continued digital mix growth driven by a robust mobile app experience and expanding MyMcDonald's Rewards program, with 50 million active members, including 28 million in the U.S.</p>
<p>Meanwhile, Loop Capital said U.S. franchisee checks suggest that McDonald's same-store sales growth slightly exceeded consensus expectations in Q1, reiterating its Buy rating and $328 price target.</p>

NYSE:MCD