McDonald’s franchisees indicate strong sales

According to a commentary given by analysts at BTIG, McDonald’s shares are generally positively estimated by specialists, with the assignment of a Buy rating and the determined stock price target of $280.

BTIG representatives have recently held a series of conversations with some McDonald’s franchisees. They have discussed such relevant topics as sales under the present conditions, plant-based meat, labor and staff of the company, raw material and automation.

On the basis of those conversations, the analysts have been reinforced in their conviction that the sales remain strong in the U.S. despite high inflation and the rise of gas prices that took place this summer.

They have also noted that franchisees with whom they talked to haven’t demonstrated any significant decreasing caused by economic or external reasons, as their performances have remained solid in recent months.

The analysts have made a conclusion that the McDonald’s company is now one of the most persistent global restaurant concepts, adding that the restaurant chain is now “in the middle stages of a multi-year sales recovery.”