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Fly News Breaks for December 9, 2019
CMG
Dec 9, 2019 | 16:38 EDT
RBC Capital analyst Christopher Carril initiated coverage of Chipotle Mexican Grill with a Sector Perform rating and $890 price target. Carril said that there is "plenty to like" about Chipotle, with highly visible top-line drivers and a "significant" margin expansion opportunity as key sources of upside. The analyst added, however, that he sees these positive attributes as already embedded in current valuation and continues to be "on the sidelines" until a more attractive entry point presents itself.
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