×
Pro Analysis

McDonald's shares should jump 15% in the next year on new burgers, better food menu, analyst says

McDonald's Egg McMuffin
Getty Images
McDonald's Egg McMuffin

Investors should buy McDonald's shares because its new menu improvements will drive earnings above expectations next year, according to BMO Capital Markets, which initiated on the restaurant chain with an outperform rating.

"We believe MCD has a well-developed pipeline of menu news to continue to support customer engagement with the brand, including more focused value efforts, renovations around core menu items, and new product innovation," analyst Andrew Strelzik wrote in a note to clients Thursday.