Chipotle price target raised to $1,550 from $1,450 at Barclays

Barclays analyst Jeffrey Bernstein raised the firm’s price target on Chipotle to $1,550 from $1,450 and keeps an Equal Weight rating on the shares post the Q4 results. The company fell short top to bottom, with comps slowing, while expenses were above expectation, the analyst tells investors in a research note. With that said, comps re-accelerated in January and Chipotle guided to high single-digit for Q1, says the firm.