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Fly News Breaks for April 26, 2018
CMG
Apr 26, 2018 | 06:05 EDT
Piper Jaffray analyst Nicole Miller Regan raised her price target for Chipotle Mexican Grill to $420 saying the upside in Q1 proves "there is leverage in the model." A 19.5% store-level margin based partially on comps of 2.2% "endorses our when (not "if") the recovery remains ongoing material leverage exists," Regan tells investors in a post-earnings research note. She reiterates an Overweight rating on Chipotle shares.
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