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Fly News Breaks for February 27, 2018
CMG
Feb 27, 2018 | 07:52 EDT
As previously reported, Baird analyst David Tarantino upgraded Chipotle to Outperform from Neutral. The analyst cited its new CEO and the potential for the company to demonstrate better sales/traffic momentum over the next 12-24 months. He believes it will support investor sentiment given the opportunity for the company to deliver strong earnings power if unit volumes begin to recover. Tarantino raised his price target to $400 from $315 on Chipotle shares.
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