TD Cowen lowered the firm’s price target on Chipotle (CMG) to $57 from $60 and keeps a Buy rating on the shares. The firm said they appreciate newly introduced traffic driving efforts and management embedding April’s sustained macro deterioration in 2025 sales guidance. In Cowen’s view Chipotle shares are well positioned once the restaurant macro recovers.
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Read More on CMG:
- Chipotle price target lowered to $52 from $59 at Piper Sandler
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