RBC Slashes McDonald's Price Target Amid Disappointing Unit Growth Outlook

RBC Capital Markets has revised its price target for McDonald's Corp. stock () from $290 to $285, while maintaining a Sector Perform rating.

The current stock price is $241.10, which is near its 52-week low of $234.03 and represents a decline of 20% year-to-date.

RBC Capital attended McDonald's Investor Day at the company's global headquarters in Chicago on Wednesday, where senior management presented their growth and margin drivers, showed off the new restaurant model, and outlined long-term financial targets.

The key takeaway from the event was that McDonald's unit growth outlook through 2030 came in below consensus expectations, with store and technology investments announced being larger than anticipated.