McDonaldâs upgraded based on strength of new menu items and the anticipated return of breakfast
Last Updated: Dec. 15, 2020 at 7:07 a.m. ET
First Published: Dec. 14, 2020 at 2:15 p.m. ET
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The upcoming launch of the McPlant and a focus on digital are among the drivers for the UBS upgrade
Menu focus, including celebrity collaborations like this one with J Balvin, are the basis for the UBS upgrade
McDonald's
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McDonaldâs Corp.
MCD,
-0.79%
stock rose 2.4% in Monday trading after the fast-food giant was upgraded to buy from neutral and UBS, and the price target was raised to $240 from $230.