McDonald’s Sales Likely Fared Well During Tough Q1 For Restaurants

Instinet analyst Mark Kalinowski boosted his price target on McDonald’s (MCD) Thursday, writing that the company had weathered the most difficult period of same-store sales comparisons well. 

Kalinowski reiterated a Buy rating on the stock and raised his price target by $10, to $146. He writes that his optimism stems from the results of his McDonald’s Franchisee Survey, as it appears that the company’s focus on value and beverages, along with its Big Mac promotion, served it well during a difficult time for the restaurant industry in the first quarter.
Source: Barrons

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