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Citi Raises McDonald’s Price Target to Wall Street High, Highlights Growth Drivers
Citi Raises McDonald’s Price Target to Wall Street High, Highlights Growth Drivers
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BTCCSquare news:
Citi has elevated its price target for McDonald's to $381, the highest among Wall Street analysts, while maintaining a Buy rating. Analyst Jon Tower cites short-term catalysts including value-driven promotions, favorable year-over-year comparisons, and potential multiple expansion. The stock's near-term upside appears compelling.
Long-term growth levers include energy beverage launches, restaurant modernization, and accelerated unit expansion. McDonald's aggressive pricing strategy is pressuring competitors, potentially cementing its market dominance. 'When scale meets value, margins follow,' Tower observes, noting the chain's unique capacity to balance affordability with profitability.
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