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McDonald's (MCD) Stock Price Target Lowered at Guggenheim

NEW YORK (TheStreet) -- McDonald's (MCD) stock price target was lowered to $127 from $139 at Guggenheim on Thursday in a note cited by Barron's.

The firm said that McDonald's and other quick-serve restaurants (QSRs) are suffering from "choppy" domestic same-store sales trends and increased competition from grocery stores, convenience stores and smaller quick-casual brands.

"Nonetheless, we are confident in McDonald's ability to return cash to shareholders with $5.6 billion remaining in the second half of 2016," Guggenheim said.

"In addition, the 3% decline...


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