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CMG

Chipotle

$706.78

-5.11 (-0.72%)

08:53
04/17/19
04/17
08:53
04/17/19
08:53

Chipotle price target raised to $620 from $540 at Maxim

Maxim analyst Stephen Anderson raised his price target on Chipotle to $620 but kept his Hold rating, saying that while Q1 results should highlight the success of "Chipotle 2.0", the valuation on the stock looks "stretched" after an 85% gain in price since the December low. The analyst also raises his FY20 EPS view by 31c to $17.61 on higher comps and new unit projections, even though he lowers his FY19 outlook by 13c to $12.97 due to higher costs.

  • 24

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CMG Chipotle
$706.78

-5.11 (-0.72%)

04/11/19
04/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chipotle (CMG) downgraded to Hold from Buy at Jefferies with analyst Andrew Barish saying after rallying 65% in Q1, Chipotle's valuation is full and reflects improved visibility for "powerful" same-store-sales and margin drivers. 2. Eli Lilly (LLY) downgraded to Neutral from Buy at Guggenheim with analyst Seamus Fernandez saying while he expects updates at the American Diabetes Association meeting to be broadly positive, he sees limited upside for the stock from current levels until Lilly's overall immunology portfolio and competition from Novo Nordisk's (NVO) semaglutide franchise is more fully understood. 3. U.S. Steel (X) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners citing worse near-term U.S. market conditions than she anticipated. 4. Keurig Dr Pepper (KDP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying she sees a negative risk-reward despite a "well telegraphed" Q1 earnings beat on strong pricing at heritage Dr. Pepper Snapple. 5. Waste Management (WM) downgraded to Hold from Buy at Stifel with analyst Michael Hoffman saying he factors in incrementally weaker paper prices and the impact of wet weather. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/16/19
WELS
04/16/19
NO CHANGE
Target $647
WELS
Market Perform
Chipotle price target raised to $647 from $489 at Wells Fargo
Wells Fargo analyst Jon Tower raised his price target for Chipotle to $647 from $489 ahead of quarterly results. The analyst expects a top and bottom-line beat, with numbers likely moving higher for 2019, but sees much of this already reflected in the stock's multiple, which is near multi-year highs. He reiterates a Market Perform rating on the shares.
04/17/19
MSCO
04/17/19
DOWNGRADE
MSCO
Equal Weight
Chipotle downgraded to Equal Weight from Overweight at Morgan Stanley
04/17/19
MSCO
04/17/19
DOWNGRADE
Target $658
MSCO
Equal Weight
Chipotle downgraded to Equal Weight following run-up at Morgan Stanley
As previously reported, Morgan Stanley analyst John Glass downgraded Chipotle to Equal Weight from Overweight, noting that the stock has advanced 65% year-to-date and more than doubled over the past year. While he remains constructive on Chipotle's fundamentals, Glass sees less upside as the current valuation already discounts much of the expected improvement from the company's sales driving initiatives. Given the evidence he sees that its initiatives, especially in digital, delivery and loyalty, are gaining significant traction, Glass raised his price target on Chipotle shares to $658 from $617.

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TSLA

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