McDonald's (MCD) PT Lowered to $330 at KeyBanc, "setup for shares now more compelling"

KeyBanc analyst Christopher Carril lowered the price target on McDonald's (NYSE: MCD) to $330.00 (from $345.00) while maintaining a Overweight rating.

The analyst commented: "In our view, no major surprises from MCD's 1Q earnings, with US/IOM comps coming in perhaps slightly higher than investor expectations. April softness likely transitory—due in large part to tough y/y comparison—but macro uncertainty will very much remain focus. MCD has number of top-line drivers in place with aim to return sales to positive territory; with NT expectations reset and val more accommodating (~20x 2027E EPS), setup for shares is now more compelling. Adj. our model (1Q results, lower 2Q comps, other model adj.), which (along with new tgt multiple) results in our PT moving to $330."

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