Investment firm Credit Suisse recently upped its price target on McDonald’s to $157. The firm cited "continued momentum” and rising same store sales for the upgrade.
The fast food chain has taken several steps to boost its sales. The most notable of these steps are $1 soft drinks and $2 small coffee, which have attracted a lot of customers. The company is also testing chicken tenders, and plans to roll them out nationwide by the end of this year.
Like all other food chains, McDonald's (NYSE:MCD) will also benefit from the Department of Labor’s latest decision to withdraw informal guidance on joint employment and independent contractors that was made in 2015 and 2016.
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