Chipotle price target raised to $1,885 from $1,865 at Barclays

Barclays analyst Jeffrey Bernstein raised the firm’s price target on Chipotle to $1,885 from $1,865 and keeps an Equal Weight rating on the shares. The company’s Q3 beat estimates on comp, restaurant margin and ultimately earnings, though buy-side estimates were elevated, the analyst tells investors in a research note. The firm says Chipotle’s comp momentum continued in October.