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Fly News Breaks for February 3, 2016
CMG
Feb 3, 2016 | 07:21 EDT
Deutsche Bank analyst Karen Short remains cautious on shares of Chipotle Mexican Grill following the company's Q4 results. "No concept has been so loved and so abandoned, so history in these scenarios is irrelevant," Short tells investors in a post-earnings research. She cut her estimates to reflect Chipotle's unit-level initiative and investments and keeps a Hold rating on the name with a $400 price target. The analyst believes consumers were already becoming less enthusiastic on the restaurant chain prior to the E. coli incidents.
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