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Nomura Securities Upgrades McDonald's (MCD) to Buy on U.S. Same-Store Sales Momentum
January 4, 2016 6:50 AM ESTNomura Securities upgraded McDonald's (NYSE: MCD) from Neutral to Buy with a price target of $135.00 (from $112.00) as they increase Q4 2015 U.S. same-store sales forecast by 50 bps to 3.5%, the highest in the last 14 quarters.
Analyst Mark Kalinowski commented, "Our upgrade reflects favorable same-store sales momentum: we increase our Q4 2015 U.S. same-store sales forecast... More
