McDonald's Stock Nearing New High After Analyst Price Boost

Investors might have avoided some consumer discretionary stocks due to growing inflation concerns and rising credit card delinquency rates. When personal finance conditions become so tight, consumers tend to restrict their spending to only the necessities for everyday life, a category under which shares of McDonald’s Co. NYSE: MCD surprisingly fit.McDonald's TodayMCDMcDonald's$288.38 -1.33 (-0.46%) 52-Week Range$243.53▼$302.39Dividend Yield2.32%P/E Ratio24.48Price Target$303.71Add to WatchlistAfter briefly ...