Chipotle price target lowered to $2,010 from $2,025 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Chipotle to $2,010 from $2,025 and keeps an Equal Weight rating on the shares. Q2 was “fundamentally solid” and mostly in line, but the Q3 outlook that was lighter than current expectations is “likely resetting” the stock price “against high expectations,” the analyst tells investors in a post-earnings note.