McDonald's lands a Street-high price target from Citi with the value menu push seen paying off (MCD:NYSE)

Group 1 - Citi raised its price target for McDonald's Corporation to $381, the highest on Wall Street [2] - Analyst Jon Tower highlighted several near-term factors contributing to this increase, including the fast-food chain's aggressive value push [2] - Upcoming quarters are expected to have easy sales comparisons, which may positively impact McDonald's performance [2] - There is potential for an increase in the price-to-earnings (P/E) ratio for McDonald's [2]