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Fly News Breaks for February 5, 2020
CMG
Feb 5, 2020 | 07:13 EDT
Credit Suisse analyst Lauren Silberman raised her price target for Chipotle to $1,010 from $930 saying strength at the company continues, with Q4 same-store sales of 13.4% accelerating for the eighth consecutive quarter on tougher compares. The analyst notes Chipotle provided fiscal year 2020 same-store sales guidance of mid-single-digits, which she believes will be viewed as largely achievable. Silberman remains confident in Chipotle's ability to deliver strong same-store sales and margin expansion to support an EPS CAGR of at least 25%-30% over the next few years. She has an Outperform rating on the shares.