In a report published Wednesday, Wedbush analyst Nick Setyan reiterated his Neutral rating on Chipotle Mexican Grill CMG, and raised his price target from $310.00 to $320.00.
In the report, Setyan noted, “We believe Chipotle's current valuation properly reflects the probability of a price increase in mid-2013 in the 3% range, as well as the possibility of catering traction, balanced by slowing long-term growth fundamentals, such as a slowing unit growth rate and the lack of meaningful short-term comp drivers.”
Chipotle Mexican Grill closed on Tuesday at $318.45.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in