Loop Capital analyst Alton Stump keeps his Buy rating and $328 price target on McDonald’s but notes that his latest franchisee checks indicate same-store sales growth came in ahead of expectations in Q4. Same-store sales were up 7.0%-7.5% in December and grew 8.5-9.0% for full-4Q, ahead of his prior estimate for 8.0% growth and consensus of up 8.1%, Stump tells investors in a research note.
Published first on TheFly
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