McDonald's is killing it on Wall Street

Americans must really like hamburgers

If you invested in McDonald's back in 1970, it's time for you to retire.
(Image credit: Justin Sullivan/Getty Images)

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.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.