As previously reported, BMO Capital upgraded Chipotle (CMG) to Outperform from Market Perform with a price target of $65, up from $56. The upgrade is “not about 2Q, and we expect another quarter of comp declines and margin compression,” says the analyst, who adds that such a result should be generally in line with consensus and “not a surprise to investors.” However, the firm believes Chipotle is well positioned for accelerating comp growth and improving margins beginning in the second half of 2025, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMG:
- Chipotle upgraded to Outperform from Market Perform at BMO Capital
- Optimistic Buy Rating for Chipotle Amid Signs of Recovery and Growth Potential
- SOUN or CRWV: Which AI Stock Could Deliver Bigger Gains for Investors?
- Tariffs Tighten the Purse Strings as U.S. Retail Sales Put Consumer Nerves to the Test
- Chipotle price target raised to $65 from $60 at UBS