(This story is for CNBC PRO subscribers only.) McDonald's has lagged the S & P 500 over the last year, but "Mad Money" host Jim Cramer said Monday that he's bullish on the restaurant chain, calling it a "very high quality company." "I believe this is the kind of stock you want to own between here and year-end," he said on CNBC's "Squawk on the Street." "They are doing very, very well." Cramer's comments came after Bank of America raised its estimates on the stock, while reiterating its buy rating. "The quick service segment as a whole has seen greater demand during Covid than pre-Covid as consumers tired of their own cooking and leaned into drive-thru and off-premise for engagement with restaurants," the firm said in a note to clients Monday. Bank of America also raised its target on McDonald's to $250, which is about 10% above where the stock currently trades. Shares of McDonald's were about 1.5% higher during early trading on Monday. - CNBC's Michael Bloom contributed reporting.
