Argus upgrades Chipotle to Buy, sees comps accelerate

As previously reported, Argus upgraded Chipotle (CMG) to Buy from Hold. The firm believes that the company’s cautious guidance will likely be surpassed as comps accelerate throughout the remainder of 2026, the analyst tells investors in a research note. Argus adds that it is confident that Chipotle can achieve its long-term goals of mid-single-digit comp growth, high single-digit revenue growth, and mid-teen operating margins.