UBS reiterates Buy Rating on Chipotle Mexican Grill (CMG)He said, "Mixed 4Q results and commentary highlighted transaction-led sss gains and?modest margin upside, while momentum should recover from early 25 pressures moving through the year. Were encouraged by still solid underlying traffic, even as one-off calendar/weather headwinds weighed on trends. Guidance for 25 sss of +LSD-MSD (Cons. was 5.2%) was somewhat underwhelming (although not unexpected),?but appears conservative, w/ multiple drivers to support trends to the upper end of the range, including menu innovation which is not embedded in the guidance. Despite 1H25 margin headwinds, we expect solid 2H margin expansion. Importantly, CMGs +MSD?long-term sss growth profile and 40% incremental margin flow-thru remain intact, supporting 20%+ EPS?growth over the coming years. We remain positive on shares (~38.5x 26 EPS) as CMG maintains among the highest quality growth in the sector, w/ leading traffic momentum, accelerating unit growth towards 10%, and a catalyst path in 25 which includes compelling menu innovation to drive sales."