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Fly News Breaks for April 27, 2016
MCD
Apr 27, 2016 | 13:42 EDT
JPMorgan analyst John Ivankoe says that while McDonald's fundamentals remain strong following its "impressive" Q1 results, "meaningfully more" upside in the stock is becoming more limited at current valuation levels. He continues to believe that a pullback could provide a better entry point into the name. Ivankoe has an Overweight rating on McDonald's with a $127 price target.
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