Citi Maintains a Buy on McDonald (MCD), Raises the PT

McDonald’s Corporation (NYSE:MCD) is one of the Top Blue Chip Stocks to Buy At 52-Week Lows. On September 17, Jon Tower from Citi maintained a Buy rating on McDonald’s Corporation (NYSE:MCD) while raising the price target from $373 to $381.

The analyst noted that the company is benefiting from its strong value-based promotions, which are attracting more customers in the short term. He also noted that there is an easier year-over-year comparison, which means that the company’s current results look stronger than last year. Lastly, Tower also sees the company’s stock to be at a higher price-to-earnings multiple in the future, thereby making it an attractive investment opportunity.

McDonald’s Corporation (NYSE:MCD) is a global foodservice retailer operating and franchising restaurants worldwide.

While we acknowledge the potential of MCD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.