UPDATE: Morgan Keegan Upgrades Chipotle Mexican Grill from Perform to Outperform

Morgan Keegan has published a research report on Chipotle Mexican Grill

upgrading the stock to Outperform. In the report, Morgan Keegan wrote, "Following its recent pullback, we are upgrading Chipotle Mexican Grill to Outperform from Market Perform. While CMG's share price is likely to remain volatile along with the overall market, we believe its operating trends will remain more resilient, supporting our 12-month price target of $330.00." Morgan Keegan rated Chipotle an Outperform with a price target at $330.00. Chipotle Mexican Grill closed Thursday at $284.50.