Longbow Research Upgrades McDonald's (MCD) to Buy

(Updated - September 28, 2017 7:33 AM EDT)

(updated to expand analyst comment)

Longbow Research upgraded McDonald's (NYSE: MCD) from Neutral to Buy with a price target of $183.00.

Analyst Alton Stump is positive on the company following strong US comp trends in Q3. The analyst says the ST and LT view has improved when it comes to the company's fundamentals and believes the company deserves to trade north of it's own historical multiples "in light of its ongoing turnaround story both in the U.S. and internationally."

For an analyst ratings summary and ratings history on McDonald's click here. For more ratings news on McDonald's click here.

Shares of McDonald's closed at $154.05 yesterday.

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