McDonald's (MCD) is expected to highlight its strategy to improve performance, including updated financial targets, at its investor day event Sept. 23, UBS said in a Monday note.
The note said focus will be on plans to improve US performance, details on NEXT growth strategy, global unit growth forecasts, and a refreshed long-term financial framework.
The report said investor expectations for the event are "reasonably" low, with sentiment on shares remaining more negative amid concerns around pressured sales trends and a
challenging industry backdrop.
Still, the report said risk/reward is attractive with shares at the lower end of historical valuation ranges, adding that plans to drive US sales growth and its defensive characteristics should provide earnings stability in a volatile environment.
UBS kept its buy rating while lowering its price target to $320 from $340.
Price: $248.01, Change: $-0.23, Percent Change: -0.09%