McDonald's Upgraded at Nomura on 'Impressive' Potential Product Pipeline

Shares of McDonald's (MCD) - Get Report were higher Monday after Nomura upgraded its rating on the shares to BUY from NEUTRAL. Analysts say investor concerns about tough U.S. same-store sales comparisons will subside. They are impressed with the McDonald's U.S. plans for the next year, which include Big Mac and French fry line extensions and platforms for customization. The company will launch two news versions of the Big Mac for a limited time in early 2017: The Grand Mac and the Mac Jr. The analysts also say that with a national rollout of the company's new mobile order-and-pay, they see a number of potential growth drivers for McDonald's. Nomura also increased its price target to $139 from $126.

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