'Halftime Report' Traders Weigh In On Chipotle And McDonald's

On CNBC's "Fast Money Halftime Report," Joe Terranova spoke about Chipotle Mexican Grill, Inc. CMG as Piper Sandler increased its price target to $1,745. Terranova thinks Piper's price target is pretty aggressive and he sees the recent high of $1,385 as a more realistic price target.

The return to the 52-week high is going to happen, but it will take some time and it will be difficult. Terranova is trying to understand what the operating expense outlook is going to look like for Chipotle in 2021 as he is concerned about the labor costs under the new administration. He also thinks the company is going to raise prices on the menu because it lowered its delivery price.

Bryn Talkington, Brenda Vingiello and Pete Najarian believe McDonald's Corp MCD is the best stock in the space.