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CMG

Chipotle

$333.64

-5.81 (-1.71%)

06:32
08/09/17
08/09
06:32
08/09/17
06:32

Chipotle's growth plans, high stock price could be recipe for trouble, WSJ says

To justify its high stock price, Chipotle needs to keep up its aggressive growth plan while regaining customers' trust at the same time, which will be difficult to pull off, according to The Wall Street Journal's "Heard on the Street" column. The report notes that Chipotle will need sales at its existing restaurants to continue their strong growth, open a lot more restaurants, and maintain high profit margins while also preventing any further food safety problems. Reference Link

CMG Chipotle
$333.64

-5.81 (-1.71%)

07/26/17
FBCO
07/26/17
NO CHANGE
Target $335
FBCO
Neutral
Chipotle price target raised to $335 from $325 at Credit Suisse
Credit Suisse analyst Jason West raised his price target for Chipotle to $335 from $325 on higher EPS forecasts. Additionally, the analyst says that Norovirus reaction was not as bad as feared, but underlying trends are soft. He reiterates a Neutral rating on the shares.
07/26/17
MAXM
07/26/17
NO CHANGE
Target $435
MAXM
Buy
Chipotle recovery on track despite norovirus incident, says Maxim
Maxim analyst Stephen Anderson contends that Chipotle management maintaining its 2017 guidance for a high-single-digit increase in comp sales was the most important takeaway from the company's earnings report and he believes its recovery is still on track despite the recent isolated norovirus incident. Anderson, who views the recent pullback in shares as an opportunity for investors, keeps a Buy rating on Chipotle, though he lowered his price target to $435 from $470.
07/26/17
BERN
07/26/17
NO CHANGE
BERN
Chipotle comp sales growth could reach high single digits, says Bernstein
Bernstein analyst Sara H. Senatore says that Chipotle's comp sales growth can reach low single digit percentage levels in 2H17, driven by its launch of queso, effective marketing and "strategic" price changes. The analyst says that the company's comp sales growth can subsequently reach high single digits. She thinks that the impact from the latest nonovirus outbreak will diminish as media coverage of it fades. Senatore expects the company's margins to continue to beat expectations, and she keeps a $564 price target and an Outperform rating on the stock.
07/26/17
07/26/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Chipotle (CMG) upgraded to Hold from Underperform at Jefferies with analyst Andy Barish saying the current valuation and consensus estimates "now reflect the reality" of Chipotle's path to recovery. 2. Biogen (BIIB) upgraded to Buy from Neutral at Goldman Sachs with analyst Terence Flynn saying the company's balance sheet is under-levered, which provides flexibility, while Aducanumab provides Alzheimer's optionality. 3. DSW (DSW) upgraded to Outperform from Neutral at Wedbush with the firm saying it is more confident that second quarter results will beat expectations and that the company will reiterate its full-year guidance after conducting checks and speaking with the company. 4. Electronic Arts (EA) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post citing a strong fiscal 2019 outlook. 5. Novartis (NVS) upgraded to Overweight from Underweight at Morgan Stanley with analyst Vincent Meunier upgrading the company two notches to Overweight from Underweight following a "massive" reset in consensus expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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SVM

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CEL

Cellcom Israel

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GASS

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CPRT

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  • 19

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DE

Deere

$145.25

6.02 (4.32%)

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  • 28

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SECO

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$8.34

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BASFY

BASF

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-0.13 (-0.47%)

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RBS

RBS

$7.30

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L

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BRFS

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SU

Suncor

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SAP

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-1.44 (-1.25%)

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