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Fly News Breaks for October 4, 2018
CMG
Oct 4, 2018 | 07:54 EDT
Chipotle Mexican Grill shares have pulled back recently with group on some concerns of slowing industry and company same-store-sales, Jefferies analyst Andy Barish tells investors in a research note. The analyst reiterates his slightly below consensus same-store-sales estimate of 4.5% for Q3. However, he continues to believe Chipotle and its new management team are in a good position to execute and drive industry-leading same-store-sales and margin gains in 2019 and 2020. Barish keeps a Buy rating on the shares with a $550 price target.