McDonald’s hits all-time high as Wall Street cheers replacement of cashiers with kiosks

McDonald's hits all-time high as Wall Street cheers replacement of cashiers with kiosks

McDonald's shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants. Cowen raised its rating on McDonald's shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain's restaurants this year. McDonald's shares rallied 26 percent this year through Monday compared to the S&P 500's 10 percent return.

View Full Post

More great content like this @ Life & Personal Interests Front Page or you can Request Invite

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s