.September 17, 2024 at 3:43 PM

Loop Capital analysts have reiterated a Buy rating on McDonald’s (NYSE:MCD) with a price target of $342. This decision comes after McDonald’s extended its $5 Meal Deal through the end of the year, rather than launching a new value platform. Franchisee feedback suggests this move is positive for the quick-service restaurant industry, easing concerns of competitors like Burger King and Wendy’s. The decision to maintain the $5 Meal Deal reduces the risk of a pricing war, allowing McDonald’s to sustain momentum without margin pressure. Loop Capital sees upside potential for McDonald’s stock, supporting its Buy rating.