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UBS Boosts Target, Estimates for McDonald’s (MCD)

Analysts at UBS on Friday raised their price target and earnings estimates for fast food giant McDonald's Corporation ( MCD ).

The firm said it now expects MCD shares to reach $106, suggesting a 9% upside to the stock's Thursday closing price of $96.92. UBS also maintained its "Buy" rating and boosted its earnings estimates for the company, citing better-than-expected sales growth.

McDonald's shares, which have gained more than 26% year-to-date, rose 58 cents, or +0.6%, in premarket trading Friday.

The Bottom Line

Shares of McDonald's ( MCD ) have a 2.89% dividend yield, based on last night's closing stock price of $96.92. The stock has technical support in the $90 price area. The stock is trading right near all-time highs and has little overhead resistance.

McDonald's Corporation ( MCD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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 Nasdaq, Inc.

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

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