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McDonald’s Upgraded to “Outperform” at RBC Capital (MCD)

By Dividend.com,  January 18, 2011, 09:19:44 AM EDT

Fast food superpower McDonald's Corporation ( MCD ) on Tuesday caught an upgrade from analysts at RBC Capital Markets on a valuation call.

The firm said it upgraded MCD from "Sector Perform" to "Outperform," noting the company is a good way to play rising inflation. RBC Capital also set an $85 price target from MCD, which implies a 15% upside to the stock's Friday closing price of $74.06.

McDonald's shares rose 74 cents, or +1%, in premarket trading Tuesday.

The Bottom Line
We have been recommending shares of McDonald's ( MCD ) since Aug.12, 2009, when the stock was trading at $56.02. The company has a 3.29% dividend yield, based on last night's closing stock price of $74.06.

McDonald's Corporation ( MCD ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: MCD



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