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Fly News Breaks for January 30, 2020
MCD
Jan 30, 2020 | 08:49 EDT
Baird analyst David Tarantino raised his price target on McDonald's to $230 from $218 following Q4 results. The analyst said he thinks the risk/reward continues to lean favorably as the guidance was better than he envisioned. He believes the company can continue to sustain healthy top-line momentum in 20202. Tarantino reiterated his Outperform rating on McDonald's shares.
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