Evercore ISI analyst David Palmer raised the firm’s price target on Chipotle to $2,100 from $2,000 and keeps an Outperform rating on the shares. Q1 results and various initiatives support the firm’s view that traffic will remain positive in Q2 through Q4 while the company delivers EPS upside, the analyst tells investors.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CMG:
- Chipotle price target raised to $2,050 from $1,900 at Wells Fargo
- Chipotle price target raised to $2200 from $2050 at TD Cowen
- Chipotle price target raised to $2,100 from $1,900 at Raymond James
- Chipotle price target raised to $2,200 from $2,080 at Wedbush
- Chipotle price target raised to $2,175 from $1,825 at BTIG
