McDonald's sales and profit miss Wall Street's mark
Wells Fargo analyst Jon Tower reiterated a Market Perform rating while boosting his price target to $796.McDonald’s same-store sales grew at 5.9% in the third quarter, topping analyst expectations, as the burger chain reached for deals and price increases to boost sales.McDonald’s, Novartis, Halliburton, UPS, Facebook are some of the companies expected to trade actively in Tuesday’s session.
The food industry is being tested by shifting consumer tastes, new technology and global trade disputes. Those are among the issues on the agenda Monday at The Wall Street Journal’s Global Food Forum, which includes some of the sector’s key players.Consumers’ growing appetite for plant-based food is well-timed for one of the more precarious private equity deals of recent years.
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