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Fly News Breaks for July 22, 2016
CMG
Jul 22, 2016 | 07:52 EDT
SunTrust believes that the improvement in Chipotle's year-over-year traffic trend in July indicates that its promotions are succeeding. As a result, the firm is more confident that the company's same-store sales can recover. It keeps a $550 price target and Buy rating on the shares.