Stifel analyst Chris O’Cull lowered the firm’s price target on Chipotle (CMG) to $65 from $68 and keeps a Buy rating on the shares. While the firm continues to expect the recently launched Chipotle Honey Chicken will be a “strong product,” it sees a handful of factors contributing to a difficult lap over the remainder of Q1, resulting in a softer comp performance than previously projected, the analyst tells investors.
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