Deutsche Bank Maintains Buy on McDonald's (MCD)

Deutsche Bank is out with its report today on McDonald's

, maintaining Buy. In a note to clients, Deutsche Bank writes, "On May 12, we had the opportunity to tour newly reimaged MCD restaurants in FL. Overall, we believe this program will help MCD sustain the industry-leading comp trends seen over the past several yrs and further widen the gap with competitors (which generally do not have the capability to execute similar reinvestments). If the experience in Europe is a guide, our 3% long-term SSS assumptions for the US biz may prove conservative. Maintain Buy." Deutsche Bank has an $89 PT on MCD. Shares of MCD closed Thursday at $80.66, up 1.45% from Wednesday's close.