(CercleFinance.com) – Bank of America announced on Friday that it had raised its price target for McDonald’s shares from $316 to $319, with an opinion maintained at ‘neutral’.
In a study devoted to the restaurant sector in the United States, the American bank explains that it has adjusted its forecasts for growth in same-store sales in order to take into account more sustained activity in the United States and internationally.
BofA also justifies its increase by applying higher valuation multiples.
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