McDonald's tapped by UBS to run higher • 10:28 AM
McDonald's (MCD -0.1%) got an early lift from a UBS note calling out the chain to see a pickup in store traffic before falling back off of all-time highs.
The investment firm's price target of $120 implies shares of the restaurant operator could continue reaching new heights.
UBS isn't the first investment firm to note McDonald's might pull out some balance sheet leverage plays.