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Mc Donalds: Jefferies upgrades rating.

(CercleFinance.com) - Broker Jefferies has upgraded its “hold” rating on the McDonalds stock to "buy," while raising its target price from 150 dollars to 200 dollars, deeming it "well-positioned in the current environment to continue to outperform".

"The transformation of McDonald's ownership (refranchising), and use of data and technology (digital/delivery/EOTF) should attract a higher multiple over time," the broker said.

Jefferies has raised its 2018 EPS estimate for the fast-food chain from 6.67 dollars to 6.92 dollars, and forecasts 7.68 dollars, which exceeds the consensus for the next fiscal year.

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