Chipotle price target lowered to $64 from $71 at Truist

Truist lowered the firm’s price target on Chipotle (CMG) to $64 from $71 and keeps a Buy rating on the shares. Truist Card Data points to 1Q25 misses for its limited-service restaurant coverage, which, combined with an uncertain macro backdrop, create a tough setup into earnings, the analyst tells investors in a research note. Consumers are responding to innovation and promotions, providing a potential offset to macro pressures, Truist argues.