McDonald’s stock: MCD pulls back from $335 high as Argus upgrades; traders watch new McCafé drinks
McDonald’s shares fell 1.36% to $327.58 Friday, retracing part of Thursday’s 2.74% gain. Argus upgraded the stock to Buy with a $380 target, citing value menus and digital growth, while Jefferies raised its target to $375. McDonald’s is testing new McCafé drinks and plans a Shamrock Shake return Feb. 17. U.S. markets are closed Monday for Washington’s Birthday; trading resumes Tuesday.