Chipotle price target raised to $65 from $60 at RBC Capital

RBC Capital raised the firm’s price target on Chipotle (CMG) to $65 from $60 and keeps an Outperform rating on the shares. The firm’s latest Chipotle honey chicken – CHC – checks across 35 stores were encouraging and suggest there’s potential upside to expectations for Q2 results, the analyst tells investors in a research note. RBC is also boosting its FY25 EPS view by 2c to $1.24 to reflect the “more durable demand” for CHC.