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Chipotle price target raised to $2050 from $1950 at Cowen
The Fly

Chipotle price target raised to $2050 from $1950 at Cowen

Cowen analyst Andrew Charles raised the firm’s price target on Chipotle to $2050 from $1950 and keeps an Outperform rating on the shares. The analyst said they reported 4Q results and we believe the stock’s after market decline is an overreaction to a headline 4Q margin miss which he concluded was driven predominantly by heightened medical claims.

Published first on TheFly

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