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Fly News Breaks for April 17, 2018
CMG
Apr 17, 2018 | 07:51 EDT
Baird analyst David Tarantino anticipates Q1 comps for Chipotle to come in near estimates, but sees more downside risk relative to consensus, than upside potential. The analyst said investors will be listening to the new CEO's comments and his vision to fuel sustainable improvements in sales/profit momentum. He also expects signs of better fundamentals to emerge as 2018 unfolds. Tarantino reiterated his Outperform rating and $400 price target on Chipotle shares.
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