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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 09:33 EDT
Cleveland Research analyst Steven Gojak said industry research is incrementally more positive on McDonald's strategy, execution, and comp outlook for the US over the next 12-18 months. He believes new value initiatives, delivery expansion, digital/mobile investments, food quality improvements, and store remodels will drive sustainable comp upside. Gojak said McDonald's is "firing on all cylinders" and reiterates a Buy rating.
News For MCD From the Last 2 Days
Oct 17, 2017 | 05:26 EDT
Nomura Instinet analyst Mark Kalinowski raised his price target for McDonald's shares to $183 from $176 after surveying 27 domestic franchisees with approximately 241 stores. Based on the results of the survey, the analyst increased his Q3 U.S. same-store sales forecast by 60 basis points to up 3.9%. Drivers in the quarter included value-oriented promotions, Kalinowski tells investors in a research note. He believes McDonald's is seeing better than expected sales momentum in the U.S. and Japan and keeps a Buy rating on the shares.
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