-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將目標股價下調33美元至317美元，相當於我們2026年每股收益預期值的24倍，與該股過去十年的平均遠期市盈率一致。我們將2026年每股收益預期從13.44美元下調至13.21美元，並將2027年每股收益預期從14.27美元下調至14.11美元。我們將麥當勞(MCD)的評級從「持有」上調至「買入」。儘管餐廳營運成本（尤其是牛肉成本）短期內可能對利潤率構成不利影響，但該股目前的交易價格較其過去十年的平均水準折讓12%，因此仍是一個頗具吸引力的買點。我們預計，隨著客流量的成長和價值主張的成熟，利潤率將逐步恢復正常。第一季業績表現優異，總營收、全球同店銷售額及調整後每股盈餘均超出預期，其中已開發市場同店銷售額成長3.9%，季增490個基點，新興市場也維持了3.4%的成長動能。我們認為，結果表明，價值定位在全球範圍內引起了共鳴，並推動了客流量的復甦。麥當勞為雞肉和飲料品類的擴張提供了額外的成長選擇，而超過80%的自由現金流轉換率則支持了對餐廳發展和股東回報的持續投資。
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