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Fly News Breaks for April 26, 2017
CMG
Apr 26, 2017 | 07:33 EDT
SunTrust analyst Jake Bartlett notes that Chipotle's SSS accelerated in Q1. He thinks that the company's new TV ads and its digital order initiative will enable it to report "strong" SSS for the rest of 2017 and into 2018. He also expects the company's restaurant margin to rise rapidly. The analyst raised his price target to $550 from $500 and keeps a Buy rating on the shares.
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