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Fly News Breaks for July 22, 2015
CMG
Jul 22, 2015 | 08:26 EDT
After Chipotle reported lower than expected Q2 comp sales but said that it was seeing a low single digit increase in July comps, including positive traffic, Bernstein says that investors are likely to be encouraged by the July trends. The firm says that the company's comp traffic appears to have bottomed, It raised its price target on the name to $811 from $750 and keeps an Outperform rating on the shares.
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