McDonald's Corporation (MCD) Third Quarter Results Add To UBS Confidence

UBS has come up with a report on McDonald's Corporation (NYSE:MCD) stock yesterday, following its third quarter (3Q) results. UBS analyst, Keith Siegner, reiterated a Buy rating for the stock, and increased the price objective by $12 to a revised $122 target price. On Thursday, the stock that gained more than 8% on stronger-than-expected results, continued to gain on the following day as well. The stock closed at $112.63 yesterday; representing a 1.59% gain over the 8.10% gain on Thursday.