This morning, Morgan Stanley upgraded shares of McDonald's (NYSE:MCD) to an overweight rating as the fast food chain still has a competitive advantage over its peers despite its recent under performance. With the upgrade, Morgan Stanley set a $115 price target. Shares of McDonald's were relatively flat this morning, trading just above $95 per share.
JP Morgan upgraded shares of CACI International (NYSE:CACI) from neutral to overweight as earnings should revert back creating a strong large cap value play for investors. Shares of CACI were higher following the report, gaining 2.5% today.
And Robert Baird upgraded shares of Avery Dennison (NYSE:AVY) from neutral to outperform as the stock is trading at a discount to the sector. With the upgrade, Robert Baird set a $57 price target. Shares of AVY were higher on the news, picking up 1.8% so far.
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