KeyBanc lowered the firm’s price target on Chipotle (CMG) to $52 from $58 and keeps an Overweight rating on the shares. The firm believes Chipotle is setting up for a miss, and several others within the traditional quick service realms are poised to report disappointing results.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMG:
- Casual Dining Stocks: Feeling Down in the Mouth as Festive Economy Freezes
- Chipotle price target lowered to $52 from $56 at Raymond James
- Chipotle price target lowered to $55 from $60 at Wells Fargo
- Chipotle price target lowered to $59 from $65 at Morgan Stanley
- Positive Long-Term Outlook for Chipotle Despite Short-Term Challenges
