The Vetr crowd upgraded its rating for McDonald's Corporation MCD on Wednesday, from 2 stars (Sell), issued 49 days ago, to 4 stars (Buy). Crowd sentiment at the time of the upgrade was still mostly cautious, with 71 percent of Vetr user ratings bearish.
McDonald's stock reached new all-time highs in mid-April, with its most recent high just failing to crest the $133 mark by less than a cent on the April 19 trading day.
McDonald's has earned the stock a couple of upgrades to Outperform. The first came on April 17 from Wells Fargo while the second arrived a day later from analysts at Bernstein.
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Currently, the Vetr crowd's average target price for McDonald's is up at $145.38, which is well above the average analyst target price of $129.90. Less than 2 percent of Vetr users are holding MCD in their watch lists.
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