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Fly News Breaks for March 4, 2015
MCD
Mar 4, 2015 | 05:46 EDT
RBC Capital upgraded McDonald's to Outperform saying it believes the stock's risk/reward profile has an upward bias. RBC sees McDonald's U.S. division turning around and international trouble areas stabilizing with new strategic thinkers on the management team. The firm expects the fast food giant's same-store-sales and return on invested capital to turn positive by the end of this year. It upped its price target for shares to $115 from $93. McDonald's closed Tuesday down 26c to $99.74.
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