McDonald's raised to 'buy' at UBS
McDonald's Corp., the world's largest restaurant company, was upgraded to ``buy'' from ``neutral'' by UBS AG, saying the company can deliver against earnings per share expectations in 2009.
``We believe that significant momentum from share gains are sustainable and could possibly even accelerate,'' analyst David Palmer wrote in a note today.
Shares in the restaurant company, which operates more than 31,000 quick-service restaurants worldwide, lost 0.2 percent to $56.13 on Nov. 14.
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