- 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.
Morgan Stanley taps old-school McDonald's for a 20% gain
Jan 9 2014, 10:51 ET