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Fly News Breaks for February 5, 2020
CMG
Feb 5, 2020 | 06:09 EDT
Piper Sandler analyst Nicole Miller Regan raised her price target for Chipotle Mexican Grill to $986 from $904 saying the company's Q4 is another quarter in support of her "bull case scenario." The "flattish" after-market stock price could reflect carne asada rolling off at the end of the Q1 period and difficult comp laps over the course of the year, Miller Regan tells investors in a research note. However, she remains enthusiastic about the long-term opportunity and remains a buyer of Chipotle shares.
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