McDonald's Corporation MCD shares are trading higher by $1.41 at $154.55 in Tuesday's session. The catalyst for the rally is an upgrade from Cowen from Market Perform to Outperform.
After an opening print well above its former all-time high ($153.18), McDonald's retreated only two pennies to $154.25 before continuing its move higher. So far, the follow-through on the rally took the stock to $155.28, but has fallen back into the mid-$154 handle.
For 2017, McDonald's stock has outperformed the S&P 500 index by a wide margin, with a year-to-date gain of 27 percent vs. the index's gain of 9 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.