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Valuation, Rising Rates And Gasoline Costs Will Hurt McDonald's, Wendy's

While there seems to be limited upside to the current valuations of McDonald's Corporation (NYSE: MCD) and Wendys Co (NASDAQ: WEN), the companies could face “more potential macro headwinds as gasoline becomes an incremental household expense after being a benefit for the last two years,” Guggenheim analysts said in a report.

The analysts downgraded the ratings on the companies from Buy to Neutral, while establishing a price target of $127...