Market Overview

Chipotle Set To Rebound, Vetr Crowd Says

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Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) have lost more than 1.6 percent of value since September 7. This, the Vetr crowd seems to believe, has created some room for upside.

On Friday, the Vetr community decided to upgrade its rating on shares of Chipotle, from 3.0 Stars (Hold) to 3.5 Stars (Buy), out of a possible five-star rating.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

The new rating better reflects the crowd’s average price target of $433.36, which implies a potential return of roughly 4.65 percent from current valuations.

Finally, it should be noted that, in accordance with the new rating, 68 percent of their ratings are bullish at the time.

Latest Ratings for CMG

DateFirmActionFromTo
Mar 2019WedbushUpgradesUnderperformNeutral
Mar 2019PiperJaffrayMaintainsOverweightOverweight
Mar 2019BTIG ResearchMaintainsBuyBuy

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

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