Wells Fargo confident on McDonald's ahead of earnings

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

Wells Fargo boosts its rating on McDonald's (NYSE:MCD) to Outperform from Market Perform.

The firm lifts the price target range on the restaurant stock to $145 to $150 vs. $125 to $130 prior. Shares of MCD closed at $130.76 on Thursday.

McDonald's is due to report Q1 earnings on April 25. The company's annual shareholder meeting is set for May 24.