Oppenheimer analyst Brian Bittner has maintained an Outperform rating on McDonald's Corp (MCD) with a $315 price target. The upcoming investor conference on December 6 is expected to provide a FY24/FY25 outlook with mid-single-digit sales growth, high-40s EBIT margins, and unit growth strategies. Bittner anticipates a capital expenditure update and capital return targets. He predicts FY24 same-store sales to align with a +3.4% street assumption and an 'in-line' year with a $12.47 EPS estimate. McDonald's is seen as well-positioned for mid-single-digit annual sales growth and could benefit from a choppier macro environment, similar to its performance during the '08-'09 recession. MCD shares were up 1.47% at $285.96.