UPDATE: Deutsche Bank Raises Target on Chipotle Mexican Grill to $430

Deutsche Bank maintains its Buy rating on Chipotle Mexican Grill

and raises its price target by $30 to $430 on reinforcement of the company's growth story in a meeting with investors. Deutsche Bank says, "On Feb 15, a meeting was held with CMG mgmt. in Denver, incl. co-CEO Monty Moran and CFO Jack Hartung. CMG was upbeat on the overall trajectory of the business, in terms of sales, operations and unit growth opportunities. We picked up some incremental positives that reinforce the unique nature of CMG's growth story and suggest comps and the earnings multiple could stay elevated for some time." CMG closed at