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Actionable news in MCD: MCDONALD'S CORPORATION,

Here’s a Reason Why McDonald’s (MCD) Stock is Higher Today

NEW YORK (TheStreet) -- Shares of McDonald's (MCD - Get Report) are up 0.76% to $126.46 in early afternoon trading on Monday after SunTrust Robinson Humphrey analysts said the fast food company will outperform its domestic peers in same-store sales growth.

Analysts reiterated their "buy" rating and $145 price target on the Oak Brook, IL-based company because the business is just beginning a multi-year turnaround, Barron's reports.

The expansion of McDonald's All-Day Breakfast and McPick 2 deals, higher marketing spending, mobile initiatives and store remodeling are expected to drive traffic and sales growth, analysts noted, Barron's added.

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