Goldman Sachs Comments on McDonald's Quarterly SSS Accelerating to Highest Level Since 2004


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In a research report published today, Goldman Sachs views McDonald's Corp. (NYSE: MCD) 4Q11 results as exceptionally strong.In the report, Goldman Sachs commented, “We expect the shares to trade higher on the news. The results were robust in every way, and we expect the magnitude of the beat along with likely upward revisions to swamp recent valuation concerns. Our price target is unchanged.”McDonald's Corporation closed yesterday at $100.95.

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Posted In: Analyst ColorReiterationAnalyst RatingsConsumer DiscretionaryGoldman SachsRestaurants