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Fly News Breaks for May 26, 2016
CMG
May 26, 2016 | 07:51 EDT
Bernstein says that "the worst is behind" Chipotle, while expectations for its revenue "remain muted." The firm predicts that the company will recover less than half of its lost volume next year and about 75% in 2018. But the firm thinks that the company's earnings could rebound strongly in 2017 as it benefits from cost reductions and earnings deleverage. Target $564.
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