McDonald's (MCD) PT Raised to $180 at Deutsche Bank

Deutsche Bank analyst Brett Levy raised his price target on McDonald's (NYSE: MCD) to $180.00 (from $175.00) while maintaining a Buy rating.

Levy notes the company's blended comps were its strongest in five years and the company "generated above-average profit growth, despite near-term macro pressures, investments in the unit-level operations, as well as its longer-term initiatives, all while dealing with its ongoing transformation into a more franchise-heavy model."

You May Also Be Interested In

• RBC Capital on McDonald's (MCD): 'We're intrigued by MCD as a potential outsized beneficiary of falling gas prices'
• Norwegian Cruise (NCLH) PT Raised to $24 at TD Cowen
• Taysha Gene Therapies (TSHA) PT Raised to $14 at BMO Capital on Differentiation