Slicing up McDonald's (MCD +0.2%): Analysts remain almost evenly divided on the restaurant stock with nearly every upgrade balanced by a downgrade, although the debate on CNBC (video) earlier missed the point. While a new management team was properly held up a potential driver for new innovation, claiming McDonald's is a China growth story was a bit much for Hedgeye's Howard Penney who noted less than 1% of the company's stores are in the nation. Reasons to buy: 1) McCafes. 2) "Killing it" with breakfast business. Reasons to sell: 1) Valuation. 2) "Too slow, too promotional."