McDonald's Value-First Push Fails To Spur Multiple Expansion: Analyst
1. MCD shares fell as analysts doubt value-first strategy's success. 2. Q2 earnings beat expectations, with EPS at $3.19 and sales at $6.843 billion. 3. Analyst maintains Hold rating, raises price target from $305 to $315. 4. U.S. sales revisions are unlikely; international comp forecasts were raised. 5. Next catalysts include third-quarter EPS report and survey tracking.