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

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Jesse Pound@/in/jesse-pound@jesserpound
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A customer receives an order from a drive-thru window at a McDonald's restaurant in Ontario, Canada, on Jan. 8, 2020.
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McDonald's stock will move higher again in 2022 as the recovery for restaurants gains steam, according to investment firm Piper Sandler.