McDonald's: RBC Capital Markets raises target price.
(CercleFinance.com) - RBC Capital Markets has raised its target price for the McDonald's share from 175 dollars to 180 dollars, citing "many initiatives creating momentum.
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"We believe the company's tangible sales initiatives and superior cash flow characteristics make McDonald's a sustainable growth story," the Canadian brokerage firm writes in a note.
In particular, RBC refers to the benefits of dollar drinks, premium burgers, and contributions from improved operations, delivery, and consolidation of the franchisee base.
In this context, RBC expects the chain to continue to recapture lost market share.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
"
"We believe the company's tangible sales initiatives and superior cash flow characteristics make McDonald's a sustainable growth story," the Canadian brokerage firm writes in a note.
In particular, RBC refers to the benefits of dollar drinks, premium burgers, and contributions from improved operations, delivery, and consolidation of the franchisee base.
In this context, RBC expects the chain to continue to recapture lost market share.
Copyright (c) 2017 CercleFinance.com. All rights reserved.