RBC Capital analyst, David Palmer, published an analyst day preview for McDonald's (NYSE: MCD) and believes that under a rosy scenario, the company's shares can be worth as much as $140 if it can reaccelerate same store sales growth.

Declining SSS has been the result of significant share losses in an otherwise healthy US fast food market in 2015. All Day Breakfast has provided a strong dose of profitable sales and has reversed share losses as food costs have begun to ease. Changes to base case estimates reflect FX adjustments. His 2016 and 2017 EPS estimates are $5.34 (+10% YOY) and $5.87 (+10% YOY) versus $5.39 and $5.92 prior.

The company's analyst day is tomorrow, 11/10/15.

The firm retained an Outperform rating and $120 price target.

For an analyst ratings summary and ratings history on McDonald's click here. For more ratings news on McDonald's click here.

Shares of McDonald's closed at $113.31 yesterday.