Morgan Stanley analyst Brian Harbour raised the firm’s price target on McDonald’s (MCD) to $340 from $336 and keeps an Overweight rating on the shares. Comps were better outside the U.S. and “perhaps better than feared” in the U.S., says the analyst. Earnings are “still challenged,” but downward revisions bears were playing for “seem less likely,” the analyst added in a post-earnings note.
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