BofA raised the firm’s price target on McDonald’s (MCD) to $324 from $321 and keeps a Neutral rating on the shares. Following earnings, the firm lowered its Q4 and FY25 EPS estimates to $2.95 and $12.60 from $3.01 and $12.73, respectively, and is rolling forward its 12-month forward estimates one quarter. The firm reiterates a Neutral rating as it continues to see limited opportunities for significant positive EPS revisions in the franchise model, particularly as topline growth remains sluggish.

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