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KeyBanc Bullish on McDonald's, Sees 2% US Sales Boost in 2025
28 Jul
Summary
- KeyBanc reaffirmed Overweight rating and $325 price target for McDonald's
- Expects McDonald's to report 2% same-store sales growth in US for Q2 2025
- McDonald's has "solid pipeline of innovation/brand activations" for H2 2023
According to a recent report, McDonald's Corporation (NYSE:MCD) is poised to outperform its rivals in the fast-food industry. KeyBanc, an investment firm, has reaffirmed its Overweight rating and $325 price target for McDonald's, despite the company falling short of original projections.
The analysts at KeyBanc expect McDonald's to report "respectable" same-store sales growth of around 2% in the US for the second quarter of 2025. They believe the company likely performed better in the recent second quarter than competitors like Wendy's, which struggled during the same period.
Furthermore, KeyBanc noted that McDonald's has a "solid pipeline of innovation/brand activations" scheduled for the second half of 2023, including the recent successful launch of the Snack Wrap. The firm remains optimistic about McDonald's ability to maintain its position as the world's largest fast-food chain, with over 40,000 locations in more than 100 countries.
