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Fly News Breaks for February 7, 2019
CMG
Feb 7, 2019 | 09:37 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Chipotle to $540 after its Q4 earnings beat driven by "stronger comps and margins". The analyst expects the momentum in comps to build in 2019 but says that he remains concerned by the shortfall in margins constraining the company's out-year earnings targets. Strelzik is keeping his Market Perform rating on Chipotle.
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