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Fly News Breaks for February 14, 2018
YUM, CMG
Feb 14, 2018 | 06:58 EDT
Stifel analyst Chris O'Cull said he is encouraged by Chipotle's (CMG) decision to hire Brian Niccol, who was successful growing the Taco Bell (YUM) system during his tenure there, as its next CEO. However, he maintains his Sell rating on Chipotle, as he remains concerned its sales and margin recovery will fall short of consensus expectations. O'Cull keeps his $250 price target on Chipotle shares.
News For CMG;YUM 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.