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Fly News Breaks for July 26, 2017
MCD
Jul 26, 2017 | 07:13 EDT
UBS analyst Dennis Geiger said McDonald's reported another good quarter. The analyst said its momentum continued and they gave promising guidance, but expectations are now elevated. He said the company's improved fundamentals will support its momentum and its refranchising remains ahead of schedule. Geiger raised his price target to $160 from $143 but maintained his Neutral rating on McDonald's shares.
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