Morgan Stanley Maintains Equal-weight on McDonald's After November SSS

Morgan Stanley has published a research report on McDonald's

after the company reported November SSS results. In the report, Morgan Stanley writes, "Strong sales gains across the globe in November, especially key emerging markets. Europe remains solid despite macro turmoil, with few signs that the momentum will wane. The US is seeing increasing benefits from beverages, another longer-term positive. Raising 4Q EPS est. by $0.02 to $1.30." Morgan Stanley maintains its Equal-weight rating on McDonald's, which is currently trading up $1.48 from yesterday's $96.45 closing price.