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Fly News Breaks for April 26, 2017
SAP, NLSN, ESRX, R, CMG
Apr 26, 2017 | 10:30 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chipotle (CMG) downgraded to Sector Perform from Outperform at RBC Capital with analyst David Palmer citing valuation. 2. Ryder (R) downgraded to Equal Weight from Overweight at Stephens. 3. Express Scripts (ESRX) downgraded to Hold from Buy at Edward Jones. 4. Nielsen (NLSN) downgraded to Market Perform from Outperform at Telsey Advisory with analyst Tom Eagan saying Nielsen reported mixed results with the Buy division reported weaker than expected sales and is concerned structural issues pressuring this segment will continue. 5. SAP (SAP) downgraded to Sell from Hold at Stifel with analyst Brad Reback citing valuation and the company's weaker than expected margins last quarter. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For CMG;R;ESRX;NLSN;SAP From the Last 2 Days
CMG
Mar 26, 2024 | 07:58 EDT
Bernstein raised the firm's price target on Chipotle to $3,200 from $2,800 and keeps an Outperform rating on the shares. Citing the recent launch of Chicken Al Pastor and momentum in in-store execution, the firm believes that the fundamental setup for 2024 is stronger and updated its same-store sales growth estimate to about 7% for 2024. The firm expects that Chipotle will reach $4M in average unit volume, or AUV, in five to six years, which it notes is ahead of consensus.