Chipotle Mexican Grill Shrugs Off Credit Suisse Downgrade

Chipotle Mexican Grill, Inc. CMG shares are trading higher by $1.60 at $527.50 in Tuesday's session. Despite a downgrade from Hold to Sell at Deutsche Bank, the issue is in the green in Tuesday's session. After the downgrade, Credit Suisse defended the issue, citing it as one of its top restaurant picks. After a lower open, it dipped to $513.11 before reversing course. The ensuing rally has taken the issue beyond Monday's close ($525.90), but has yet to reach Monday's high ($529.29), with its current high standing at $528.27.