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Fly News Breaks for February 5, 2020
CMG
Feb 5, 2020 | 09:24 EDT
Loop Capital analyst Lynne Collier raised her price target on Chipotle to $1,050 and kept her Buy rating after its "solid" Q4 earnings and 13.4% SSS increase that exceeded the consensus 9.8%. The analyst maintains that the company remains in the early stages of its turnaround, with top-line momentum set to continue thanks to its growth in digital, improving operations, menu innovation, and "new messaging emphasizing quality ingredients". Collier also raises her FY20 EPS view to $18.56 from $18.00.
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