Wells Fargo analyst Zachary Fadem initiated coverage of Chipotle Mexican Grill with an Overweight rating and $1,800 price target. The company offers many long-term "ways to win, and with investor sentiment "seemingly weak," the shares offer an attractive entry point, the analyst tells investors in a research note. The firm believes Chipotle offers "best-in-class" unit economics with upside, long-term growth levers and accelerating shareholder returns.
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Published first on TheFly
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