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Fly News Breaks for April 27, 2016
CMG
Apr 27, 2016 | 08:03 EDT
Cowen said the risk/reward for Chipotle is unfavorable at current levels, citing its sales softness resulting in increased spending on marketing and promotions in efforts to drive traffic. Cowen reiterated its Market Perform rating and lowered its price target to $400 from $430 on Chipotle shares.
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