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Fly News Breaks for January 30, 2020
MCD
Jan 30, 2020 | 09:16 EDT
MKM Partners analyst Brett Levy raised his price target on McDonald's to $245 and kept his Buy rating after its Q4 earnings beat, with evidence of "solid" sales, mid-to-high digit global comp growth against a higher than expected outlook for 2020 SG&A. The analyst is somewhat cautious on the marketplace for McDonalds after a key competitor unveiled a breakfast menu, though he continues to see constructive sentiment and trend for the stock.
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