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Fly News Breaks for January 30, 2020
MCD
Jan 30, 2020 | 08:41 EDT
BMO Capital analyst Andrew Strelzik raised his price target on McDonald's to $235 and kept his Outperform rating after its Q4 earnings topped consensus, with stronger comps and operating margins more than exceeding its higher SG&A. The analyst notes that the company's U.S. transaction growth is "elusive", but its longer-term comp outlook is strong with "meaningful" drivers and optionality in its strategic initiatives. Strelzik adds that the investments made by McDonalds are "pragmatic" and "appropriate" in sustaining its momentum.
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