Market Overview

UPDATE: Wedbush Raises PT on Chipotle Mexican Grill on Current Valuation

Share:
Related CMG
'Grainy' Or Not, Queso Might Be The Distraction Chipotle Needs
Blue Apron, Boeing, Chipotle, Monsanto: Fast Money Picks For September 21

In a report published Wednesday, Wedbush analyst Nick Setyan reiterated his Neutral rating on Chipotle Mexican Grill (NYSE: 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.

Latest Ratings for CMG

DateFirmActionFromTo
Sep 2017Cowen & Co.DowngradesMarket PerformUnderperform
Aug 2017Standpoint ResearchUpgradesUnderperformHold
Aug 2017Credit SuisseMaintainsNeutral

View More Analyst Ratings for CMG
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Price Target Analyst Ratings

 

Related Articles (CMG)

View Comments and Join the Discussion!
Loading...
Loading...