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Why Did Kalinowski Upgrade McDonald’s?

Why Did Kalinowski Upgrade McDonald’s?

On June 7, Kalinowski Equity Research upgraded McDonald’s (MCD) from “neutral” to “buy.” The firm set a price target of $191.00 for MCD stock. Kalinowski’s price target represents a return potential of 12.7% from its current stock price. Mark Kalinowski, president and CEO of Kalinowski Equity Research, stated in his research note that the introduction of fresh beef in the domestic market has helped improve McDonald’s SSSG (same-store sales growth).