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Fly News Breaks for July 26, 2017
CMG
Jul 26, 2017 | 07:30 EDT
SunTrust analyst Jake Bartlett says he remains confident that multiple initiatives being pursued by Chipotle will enable its same-store sales to accelerate. He continues to believe that the company's lower prices and "prime real estate" will enable it to gain market share. He trimmed his price target on the shares to $505 from $520 but keeps a Buy rating on the stock.