Fly News Breaks for May 20, 2019
May 20, 2019 | 06:04 EDT
Piper Jaffray analyst Nicole Miller Regan raised her price target for Chipotle Mexican Grill to $783 from $760 and keeps an Overweight rating on the shares after hosting investor meetings with senior leadership. . The consumer demand for Chipotle is increasingly evident, Regan tells investors in a research note. The analyst believes "incremental momentum and growth" is on the horizon for Chipotle and she recommends purchase of the stock at current levels. Following recent channel checks that suggest trends accelerated sequentially in April, the analyst raised her Q2 same-store sales estimate or the company to up 8%.
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