Cleveland Research upgrades McDonald's

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

Cleveland Research upgrades McDonald's (MCD +0.4%) to a Buy rating after having the restaurant stock at Neutral.

The firm sees improvement in the restaurant operator's U.S. business.

Earlier this month, Goldman Sachs analyst Karen Holthouse noted that the chain is picking up coffee market share from Dunkin' Donuts. "This is a substantial discount to Dunkin's pricing, and search trends show an ongoing benefit to consumer interest in McDonald's for coffee," she wrote.