Cleveland Research is raising both Q2 and full-year estimates after saying Q2 sales are running well-ahead of Street consensus.
MCD earlier touched a new 52-week high, perhaps on the Cleveland report, but have retreated back to $199.32, up 0.15% on the session.
McDonald's currently has a Sell-side rating of Outperform, with 21 Buys/Outperforms, 8 Holds, and zero Sells. Seeking Alpha authors are less bullish, with an average author rating of Neutral. The Quant rating is Neutral as well.
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