2017-04-26 06:11:25 | Piper says buy Chipotle on today's rally, ups target to $530Piper Jaffray analyst Nicole Miller Regan tells investors to add to Chipotle Mexican Grill positions even with the stock up 3%, or $13.44, to $485.20 post last night's earnings release. The company reported "solid" Q1 earnings and reiterated its unit-level economic model, Regan tells investors in a research note. She believes a series of steady quarterly improvement is the next catalyst for the shares. The analyst upped her price target for Chipotle to $530 from $483 and reiterates an Overweight rating on the name. |
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