12:04 PM EDT, 10/09/2024 (MT Newswires) -- McDonald's (MCD) is set to see a "solid catalyst path" that will drive its growth trajectory in the US and unlock share price gains for the remainder of 2024 and into 2025, UBS Securities said in a note Wednesday.

"While macro headwinds and sales pressures continue to impact category growth, [McDonald's] maintains levers to deliver market share gains," said UBS.

According to the investment firm, catalysts for McDonald's include its $5 meal deal, marketing initiatives, menu innovation, and an upcoming permanent national value platform. The company's digital and loyalty platforms are also expected to continue contributing to sales, UBS added.

The investment firm raised its Q4 US same-store sales forecast for the company to 1.5% from 0.5% previously.

UBS maintained its buy rating on McDonald's, with a higher price target of $345 from $305.

Price: 304.10, Change: +2.20, Percent Change: +0.73