Analyst Sees McDonald's (MCD) Comps 'Meaningfully' Ahead of Bull's Estimates; Shares Rally

July 12, 2012 2:46 PM EDT
Get Alerts MCD Hot Sheet
Price: $122.18 --0%

Rating Summary:
    11 Buy, 22 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 24 | New: 12
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Recent upside in shares of McDonald's (NYSE: MCD) (up about $2 over the last hour and a half) is being attributed to a research note from Janney's Mark Kalinowski which suggests the company's same-store sales will be "meaningfully" better than even the highest Street estimates. The analyst cited checks with McDonald's franchisees.

Kalinowski maintains a Buy rating and $105 price target on shares of McDonald's.

Shares of McDonald's are now up 2.8 percent to $92.05.

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