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.
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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
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