(CercleFinance.com) – Jefferies maintains its buy rating on McDonald’s shares with an unchanged price target of $325, the day after the investors’ day organized by the group.
The analyst indicates that he left this meeting with ‘an increasingly positive feeling about short and long-term growth opportunities’, while the fast food giant targets 50,000 restaurants by 2027.
Jefferies reports that the chicken platform is now on par with beef, at $25 billion in global sales each, and that the brand plans to expand McCrispy to almost all of its markets by the end of 2025.
‘We consider McDonald’s to be one of the best restaurant brands for driving engagement through offers, value and targeted messaging,’ explains Jefferies.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
