Chipotle price target raised to $1,900 from $1,800 at Argus

Argus analyst John Staszak raised the firm’s price target on Chipotle to $1,900 from $1,800 and keeps a Buy rating on the shares after its Q4 results. The analyst is positive on the company’s healthy balance sheet along with robust mobile ordering and delivery platforms." Some consumers may be put off by Chipotle’s relatively high prices, but the firm should be able to gain market share relative to more expensive full-service restaurants, the firm tells investors in a research note. Argus is also "confident" that Chipotle can achieve its long-term goals of mid-single-digit comp growth, high single-digit revenue growth, and mid-teens operating margins.