Loop Capital keeps a Buy rating and $342 price target on McDonald’s (MCD) while noting that the firm’s U.S. franchisee checks indicate same-store sales growth came in ahead of expectations in Q3. Per its contacts, same-store sales remained up 1.5$-2.0% during the last three weeks of Q3 and the first two plus weeks of Q4, which implies same-store sales came in line with Loop’s own Q3 estimate for 1.5% growth but ahead of consensus at flat, the analyst tells investors in a research note.
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