Chipotle price target raised to $2,000 from $1,750 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Chipotle to $2,000 from $1,750 and keeps a Buy rating on the shares ahead of the company’s report due on April 25. Stifel expects Chipotle to deliver Q1 same-store sales at least in line with company guidance for high-single digit growth and the Street mean estimate of 8.7%. The firm contends that the three high-profile reports coming next week to kick off Q1 restaurant earnings next week will "influence the tenor for the 15+ companies reporting the following week," adding that it believes many investors’ Q1 sales expectations are above sell-side estimates for most restaurant companies.