McDonald's Investor Day Falls Flat with Analysts Cutting Targets

McDonald's investor day did not impress analysts on Wall Street.

The company laid out its NEXT strategy and 2030 targets, but investors were left underwhelmed by the presentation.

BMO Capital cut its target price for McDonald's (MCD) to $310, while Evercore ISI trimmed its target to $300 from $320, both keeping an Outperform rating.

The planned investment came in lower than expected, with productivity gains front-loaded, but there was a lack of visibility on specific initiatives and the pace of spending.

BMO estimates that McDonald's plan will cut earnings per share by about 1% in 2027 and 2028, rising to 2% to 3% by 2030.