Citi raised the firm’s price target on Chipotle (CMG) to $48 from $44 and keeps a Buy rating on the shares as part of a Q4 earnings preview. The firm believes the Q4 report should bring a multi-year “comp trough” for Chipotle. The company is well positioned for the main culinary themes, including weight loss drugs and the attention on protein, the analyst tells investors in a research note.
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