Morgan Stanley lowers McDonald's price target as Ukraine-Russia war leads to store closures

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Samantha Subin@samantha_subin
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A logo of the McDonald's restaurant is seen in the window with a reflection of Kremlin's tower in central Moscow, Russia March 9, 2022.
Maxim Shemetov | Reuters

McDonald's' upside will be limited due to the Ukraine-Russia war, according to Morgan Stanley.