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McDonald's Corp. (MCD) Is Rising After Upgrade

Jeffries upgraded its rating on shares of McDonald's Corp. (MCD) Tuesday morning to "Buy" from "Hold."

McDonald's also announced this morning that it is bringing back its popular Dollar Menu with $1, $2 and $3 items in an effort to win back customers amid stiff competition.

McDonald's has gapped open higher this morning and is now up 2.67 at $173.32. The stock is trading near the highs of the year.

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