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Fly News Breaks for April 18, 2019
CMG
Apr 18, 2019 | 09:29 EDT
Cowen analyst Andrew M. Charles raised his price target on Chipotle to $640 from $575 as he increased his Q1 comp sales growth forecast to 8.5% from 6.5%. While he expects Q1 results to "live up to high expectations" and sees the potential for the company to raise 2019 comp guidance, he keeps a Market Perform rating on Chipotle shares.
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