Baird analyst David Tarantino raised the firm’s price target on Chipotle to $1900 from $1800 and keeps an Outperform rating on the shares. The analyst said the Q4 report was a mixed bag, as weaker-than-anticipated results and a slightly lower-than-expected margin outlook are prompting a reduction to 2023-2024 EPS estimates despite a positive update on Q1 comps.
Published first on TheFly
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- Chipotle price target raised to $1,900 from $1,800 at Wells Fargo
- Chipotle price target raised to $1,900 from $1,750 at Raymond James
- Chipotle price target lowered to $1,780 from $1,800 at KeyBanc
- Chipotle price target raised to $2,084 from $1,986 at Citi
- Chipotle price target raised to $1,550 from $1,450 at Barclays
