The snack wrap was originally unveiled almost 20 years ago.
Transcript:
CAROLINE WOODS:
McDonald’s snack wraps are back— and that’s got Wall Street hungry for the stock.
Goldman Sachs just upgraded the fast-food giant to a BUY – saying new menu items and value meals could help drive momentum among price conscious customers.
McDonald’s has lagged the broader market this year — but Goldman sees a comeback on the menu – with potential stock gains of 15% over the next 12 months.
The analyst did warn that value wars in the fast food world could squeeze margins in the short term — but says it’s well-positioned to outpace the competition. Her price target? $345
As for the snack wrap – it was originally unveiled in 2006 and was a fan favorite until it was discontinued in 2016. But now it’s back and available in two flavors – ranch and spicy.
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