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Fly News Breaks for April 26, 2018
CMG
Apr 26, 2018 | 07:22 EDT
As reported previously, Canaccord analyst Lynne Collier upgraded Chipotle to Buy from Hold. The analyst cited increased confidence in a turnaround and better earnings visibility following its Q1 results. The analyst sees a path to improved same-store sales and she believes fundamentals have bottomed. Collier raised her price target to $425 from $300 on Chipotle shares.
News For CMG From the Last 2 Days
CMG
Mar 26, 2024 | 07:58 EDT
Bernstein raised the firm's price target on Chipotle to $3,200 from $2,800 and keeps an Outperform rating on the shares. Citing the recent launch of Chicken Al Pastor and momentum in in-store execution, the firm believes that the fundamental setup for 2024 is stronger and updated its same-store sales growth estimate to about 7% for 2024. The firm expects that Chipotle will reach $4M in average unit volume, or AUV, in five to six years, which it notes is ahead of consensus.