BMO Capital sees McDonald's rally extending

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

BMO Capital initiates coverage on McDonald's (NYSE:MCD) with a Buy rating.

The investment firm begins coverage on the restaurant operator with a price target of $153. The consensus price target on McDonald's from Wall Street firms is $130.30.

Shares of McDonald's are up 0.53% premarket to $133.98 vs. a 52-week trading range of $110.33 to $133.44 (set yesterday)