Top analyst: Buy McDonald's on all-day breakfast

Getty Images

With McDonald's shares flat the past three years, the fast food operator is now a great buy, according to a top-ranked analyst of the restaurant sector.

Jason West of Credit Suisse upgraded McDonald's to "outperform" from "neutral" Tuesday morning in a note to clients.

West is one of the top analysts on Wall Street. His picks average a 16 percent one-year return with a 67 percent success rate and he is ranked in the top 5 percent of all Wall Street analysts, according to

Here's why he likes McDonald's now…

More In Investing

CNBC ProGameStop's surge could be a big win for Michael Burry of 'The Big Short'
CNBC ProMike Santoli's market notes: Small investors hype shorted stocks, pricey options a risk to novices, S&P 500 trades in a range