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Fly News Breaks for July 18, 2019
MCD
Jul 18, 2019 | 07:45 EDT
Cowen analyst Andrew Charles raised his price target on McDonald's to $235 from $225 ahead of Q2 earnings. The analyst raised his comp estimate from 4.5% to 5.0% and said consensus estimates for international comps seems achievable. He sees an accelerated contribution to US comps in the second half that is not reflected in consensus. Charles reiterated his Outperform rating on McDonald's shares.
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