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Fly News Breaks for July 27, 2016
MCD
Jul 27, 2016 | 07:56 EDT
After McDonald's reported lower than expected Q3 SSS, SunTrust analyst Jake Barlett says that the company nonetheless gained share in most major markets, including the U.S. He expects the company to continue to gain share in the U.S. in 2H16, driven by new McPick deals and new breakfast offerings. He trimmed his price target to $138 from $140 but keeps a Buy rating.
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