Deutsche Bank Maintains Buy on McDonald's

Deutsche Bank is out with its report today on McDonald's MCD, maintaining Buy. In its report, Deutsche Bank writes, "On Sept 7, MCD hosted a China investor day in Shanghai. We met with APMEA and China mgmt. teams and visited two Shanghai restaurants. While current trends were not discussed, MCD remains upbeat about China's growth prospects, including the ability to hit store opening targets and drive SSS growth through initiatives such as breakfast, reimaging, drive-thru, McCafé, value offerings and selective menu pricing. Maintain Buy." Deutsche Bank maintains a $100 PT on MCD. At the time of posting, shares of MCD were trading pre-market at $88.75, down 0.60% from Wednesday's close.