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Fly News Breaks for October 10, 2019
CMG
Oct 10, 2019 | 07:48 EDT
Wells Fargo analyst Jon Tower raised his price target for Chipotle to $796 to $714 ahead of quarterly results as expects another quarter of top and bottom line beats. Further, the analyst also expects management will reiterate its outlook for 2019 and issue a conservative first look for 2020. Tower reiterates a Market Perform rating on the shares as he sees the risk/reward as balanced.