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Fly News Breaks for June 14, 2019
MCD
Jun 14, 2019 | 05:58 EDT
Stifel analyst Chris O'Cull raised his price target for McDonald's to $200 from $190 following recent channel checks and conversations with management. The analyst believes McDonald's domestic same-restaurant-sales momentum has likely continued in Q2, driven principally by check average growth of 4%-5%. Further, delivery is likely to become a more meaningful contributor to domestic sales gains, O'Cull tells investors in a research note. The analyst, however, keeps a Hold rating on McDonald's due to valuation.
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