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Fly News Breaks for July 26, 2017
CMG
Jul 26, 2017 | 06:28 EDT
With no material increases in FY17-FY20 earnings estimates, it is still not time to buy shares of Chipotle Mexican Grill, JPMorgan analyst John Ivankoe tells investors in a research note. Following yesterday's Q2 results, the analyst lowered his price target for the shares to $380 from $390 and keeps a Neutral rating on Chipotle. The company "is still far from recovered," Ivankoe writes.
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