06/24/15 11:54 AM EDT

From Bear to Bull: Why McDonald's Is Going North of $100 (And Won't Look Back) | $MCD

In this brief excerpt from The Macro Show this morning, Hedgeye Restaurants Sector Head Howard Penney explains why he's gone from bearish to bullish on McDonald’s (MCD) and why shares have meaningful upside and limited downside from here.

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From Bear to Bull: Why McDonald's Is Going North of $100 (And Won't Look Back) | $MCD

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