McDonald's Gets a Rare Upgrade

McDonald's landed the most notable call of the day — a full analyst upgrade pushing the consensus to 14 Hold ratings against 19 Buys. The average target price dipped slightly to $317.55 from $320.90, but the rating move signals renewed confidence in the fast-food giant's recovery.

Booking Holdings drew attention from two separate analysts. B. Riley Securities raised its target to $274 from $264, keeping a Buy. The consensus average target also climbed to $234.83 from $224.72. The travel sector is clearly back in favour.

Caterpillar saw its average target nudge up to $971.53 from $963.56. With a market cap of $404bn, even small target moves carry weight. Two Buy ratings now sit alongside 12 Holds and 14 Sells — a divided Street.

AbbVie picked up another target increase. The pharma giant's average target rose to $273.39. Analysts are warming further to its diversified drug pipeline.

On the downside, Insulet saw its consensus target trimmed to $233.46 from $235.54. The diabetes device maker carries 6.6% SI % FF — the highest short interest among today's names.

Wynn Resorts also saw a target cut, with the average falling to $132.42 from $132.68 — a modest but directionally negative signal for the casino operator.