McDonald’s Corporation (MCD) to Introduce New Menu Items Priced at $3 or Less, Reuters Reports

McDonald’s Corporation (NYSE:MCD) is one of the best long term stocks to invest in according to billionaires. Reuters reported on March 11 that McDonald’s Corporation (NYSE:MCD) is set to introduce new menu items priced at $3 or less, as well as with $4 breakfast meal deals in ​the U.S., starting in April, according to a report by the Wall Street Journal. The company aims at attracting diners affected by economic concerns, with Reuters adding that the company is “sharpening” its focus on affordability, with consumers becoming increasingly price-conscious. Similar efforts are being undertaken by its rivals, such as Burger King, which is also offering more economical menu options.

In a separate development, McDonald’s Corporation (NYSE:MCD) received a rating update from Tigress Financial on March 6, with the firm lifting the price target on the stock to $385 from $360. The firm reiterated a Buy rating on the shares and cited the company’s “powerful global brand”, AI-driven efficiencies, rapid unit expansion, and asset-light franchise model, adding that its raised 12-month target, combined with dividends, exhibits a potential total return of 20% from current levels.

McDonald’s Corporation (NYSE:MCD) is a food service retailer that operates and franchises restaurants. The company’s operations are divided into the following segments: United States, International Operated Markets, and International Developmental Licensed Markets & Corporate.

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