Nomura analyst Mark Kalinowski upgraded McDonald's to Buy and raised its price target to $139 from $126. The analyst's checks indicate November will be one of the best same-store-sales quick-service burger sector in 2016 and raised McDonald's U.S. Q4 estimate by 150bp to -.5%, versus consensus of -1.6%. Kalinowski is encouraged by McDonald's potential product pipeline heading into 2017 with Big Mac and French fry line extensions, fresh beef, platforms for customization, and further menu innovation in test geographies. In addition, the analyst said the likely national rollout of its new mobile order-and-pay will act as another growth driver.