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Fly News Breaks for November 11, 2015
MCD
Nov 11, 2015 | 06:36 EDT
Piper Jaffray analyst Nicole Miller Regan says she remains a buyer of McDonald's following yesterday's analyst day. Management again reiterated confidence in positive global same-store sales trends and their current strategies will lead to strong cash flow, Regan tells investors in a research note. She believes leveraging the company's global franchise network should allow for multiple expansion. The analyst reiterates an Overweight rating on McDonald's with a $130 price target.
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