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McDonald's Corp. (MCD) Jumped 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 gapped open higher Tuesday and climbed in early trade, before profit taking set in. The stock ended the day with a gain of 2.34 at $172.99. McDonald's closed challenging the highs of the year.

by RTT Staff Writer

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