Argus upgrades Chipotle to Buy, sees comps accelerate

As previously reported, Argus upgraded Chipotle (CMG) to Buy from Hold with a $40 price target 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.