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.

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