- Bernstein says the new Mac Trio launch in the first quarter is doing "better than planned," according to conversations with restaurant managers.
- The firm predicts the company will report 2.8 percent of comparable restaurant sales growth this year versus the Wall Street consensus of 2.3 percent.
Investors should buy McDonald's shares because its new technology and food initiatives will drive sales above expectations, according to Bernstein, which raised its rating on the restaurant chain to outperform from market perform.
"More menu innovation and, over time, experience of the future [mobile and kiosk digital ordering] will prove beneficial, as it has in other markets," Bernstein analyst Sara Senatore wrote in a note to clients Tuesday. "Elsewhere, strong performance in Japan and healthy macro trends in Europe suggest other major markets are also performing well."