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.