The Globe and Mail reports in its Tuesday, Oct. 3, edition that Citi analyst Jon Tower is sticking with his "neutral" recommendation for McDonald's. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tower slashed his share target by $33 to $283 (all figures U.S.). Analysts on average target the shares at $327.29. Mr. Tower warns of a "decelerating picture" in the United States as well as growing signs of weakness elsewhere. Mr. Tower says in a note: "Footfall metrics are a growing concern, with growth year-over-year and versus 2019 both steadily decelerating from mid-July onward and year-over-year growth moving into negative territory. This is also not simply a result of decelerating industry trends, but McDonald's has also seen their market share of all tracked LSR concepts and of the big three steadily erode since that same mid-July window. While still growing year-over-year, weekly app usage in the U.S. has been trending down month-over-month (also since mid-July), and year-over-year growth has decelerated from consistently in the mid-30s to only the mid-teens." The Globe reported on Sept. 28, 2022, that Mr. Tower had reaffirmed his "neutral" call on McDonald's when it was worth $230.