Fast food titan's shares hit an all-time high
closed at a record high Thursday and are up again on Friday, ‘likely because of upgrades made to earnings’, one analyst said.
David Zanoni, financial author and Seeking Alpha contributor said the fast-food chain’s $277.79 closing price on Thursday was a result of analyst upgrades of earnings per share over the last three months from $10.49 to $10.58 in 2023 and from $11.44 to $11.70 in 2024. Sign promoting McDonald's"PLT" burger with a Beyond Meat plant-based patty at one of 28 test restaurant locations in Ontario, Canada, Oct. 2, 2019.
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