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Chipotle price target raised to $68 from $65 at Citi

Citi raised the firm’s price target on Chipotle (CMG) to $68 from $65 and keeps a Buy rating on the shares as part of a Q2 preview. The firm believes Q2 should mark the low-point for traffic and same-store-sales as the company’s compares ease and its sales initiatives build in the second half of the year.

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