RBC Capital raised the firm’s price target on Chipotle (CMG) to $75 from $70 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 in Restaurant and Leisure sector. The firm also names the stock its “favorite idea” for next year, noting that the company’s operational improvements are driving faster speed of service, which should be an “ongoing driver of traffic”. RBC further cites Chipotle’s “achievable” unit growth guidance with potential for upside along with potential upside to consensus margin estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMG:
- Chipotle price target raised to $62 from $56 at Jefferies
- Chipotle price target raised to $72 from $66 at Raymond James
- Baird’s Analyst Says Chipotle’s Price Hikes ‘Will Likely Be Digestible’
- Chipotle price target raised to $72 from $70 at Evercore ISI
- Chipotle Mexican Grill (NYSE:CMG) Raises Menu Prices