McDonald's is killing it on Wall Street
Americans must really like hamburgers
As McDonald's continues to evolve, revamping its fat-drenched menu with healthy-ish McWrap sandwiches and working to mend what one executive reportedly described as "broken" customer service, the ubiquitous burger chain's stock price is hitting record numbers — it closed above $103 per share on Friday — and analysts are predicting that it will continue to climb.
UBS, the Swiss global financial service, raised its price target for McDonald's Corp this week to $110, setting the upside at $125.
The stock is already up more than 15 percent this to year, and is touching these highs after a 52-week low in November.
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Investors are pleased. Seeking Alpha explains:
The best news of all is for the lucky dogs who scooped up some Mickey D's stock in the first few years after the burger joint went public. According to this chart, if you bought McDonald's stock in January 1970, you've seen a 30,305.05 percent gain on your investment. If only!
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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.
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