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Wells Fargo Maintains Overweight Rating and Raises Price Target on McDonald's
Wells Fargo maintained its 'Overweight' rating on McDonald's and increased its price target to $300 from $270.
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- fiscal.ai
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Related Headlines
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Wells Fargo Maintains Overweight on McDonald's, Raises Price Target to $300
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McDonald's: 3 Key Takeaways for Long-Term Investors
McDonald's reported Q3 2026 comparable sales growth of 1.5% and announced three strategic initiatives: testing affordable value menu options across 1,900 U.S. restaurants to boost traffic, expanding specialty beverages that increase check sizes by ~50%, and progressing toward a 98% franchised model by 2028 to improve operating margins. Management noted improving baseline traffic trends heading into Q4 and remains focused on executing its McDonald's > NEXT growth plan.