The move is set to boost Democrats' efforts to hike the hourly wages at federal, state and local levels.
The investment bank says it’s “buying the McDonald's of the future.”
The tax changes are resonating very quickly on the household budget, Ed Rensi said.
McDonald’s executives admitted during an earnings call this week that the company is losing market share to competitors during breakfast.
The kid-themed meals may still be discounted at some locations.
McDonald's, Starbucks and Dunkin: franchising America's biggest fast-food restaurants could be a lucrative opportunity, but they come with a high price tag.