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Fly News Breaks for July 22, 2019
MCD
Jul 22, 2019 | 08:24 EDT
Longbow analyst Alton Stump said his check with U.S. McDonald's franchisees leads him to predict same-store sales were up 4.5%-5.0% in Q2, making him confident McDonald's will beat the Q2 U.S. same-store sales growth consensus forecast of 4.3%. However, he believe this type of comp beat is already reflected in current sentiment and he keeps a Neutral rating on McDonald's shares.
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