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Brinker Doubles Profits on Maggiano's

"China is a major focus and the stock has a potential longer-term to have a higher multiple as the China story unfolds, similar to what Yum! Brands (YUM - Get Report) has benefited from in the last couple of years," Oppenheimer analyst Matthew DiFrisco said in appearance on CNBC.

Like food and beverage peers Yum! and Starbucks (SBUX - Get Report), McDonald's has been looking overseas for growth.

McDonalds

McDonald's said in December it plans to grow its presence in China by 40% next year, opening 200 new stores in the country over the next three years.

-- Written by Miriam Marcus Reimer in New York.



>To contact the writer of this article, click here: Miriam Reimer.

>To follow the writer on Twitter, go to http://twitter.com/miriamsmarket.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
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SYM TRADE IT LAST %CHG
YUM $79.75 0.33%
EAT $58.63 -1.54%
MCD $94.88 -0.78%
SBUX $47.62 -1.30%
AAPL $124.75 -1.13%

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