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McDonald’s Corporation (NYSE: MCD) saw a pre-market boost, with shares rising 0.51% to $302.37 after receiving a key upgrade from Argus. Argus analyst John Staszak upgraded the fast-food giant from “Hold” to “Buy,” reflecting a more positive outlook on the company’s long-term performance.
McDonald’s stock has shown resilience, following a positive performance on Monday, and continues to attract attention in pre-market trading. The analyst highlighted McDonald’s strong brand presence, consistent operational performance, and potential for continued growth despite challenging macroeconomic conditions.
Investors will be watching how this upgrade impacts the stock throughout the day as McDonald’s approaches its 52-week high of $306.96.
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