CNBC Pro

Piper Sandler upgrades McDonald's, says it can manage food and labor inflation better than rivals

A customer receives an order from a drive-thru window at a McDonald's Corp. restaurant in London, Ontario, Canada, on Wednesday, Jan. 8, 2020 during a test of the "P.L.T." sandwich -- plant, lettuce and tomato featuring Beyond Meat's pea-based patties.
Bloomberg | Bloomberg | Getty Images

McDonald's stock will move higher again in 2022 as the recovery for restaurants gains steam, according to investment firm Piper Sandler.

More In Street Calls

CNBC ProHere are Thursday's biggest analyst calls of the day: Apple, Tesla, CSX, Under Armour, Target & more
CNBC ProMorgan Stanley downgrades Under Armour after CEO departure, says confidence in turnaround is waning
CNBC ProCiti downgrades railroad stocks including CSX, says slowing economic growth will limit upside