Morgan Stanley taps old-school McDonald's for a 20% gain

|About: McDonald's Corporation (MCD)|By:, SA News Editor

McDonald's (MCD +0.3%) has been thrashed around a little bit by the investment community as the love affair with Panera Bread, Chipotle, and Buffalo Wild Wings goes on, but Morgan Stanley likes the company's strong history of out-performance.

The firm upgrades McDonald's to an Overweight rating to go along with a $115 price target. The PT reps 20% upside potential.

"...MCD is cheap on an absolute and relative basis and offers a better risk/reward profile," notes analyst John Glass.