Baird analyst David Tarantino raised the firm’s price target on Chipotle to $2200 from $2000 and keeps an Outperform rating on the shares. The analyst said the Q1 report was strong in nearly every respect, with Chipotle showing healthy upside to estimates on all key operating metrics including comps, margin, and earnings EPS, and with management signaling a strong start to Q2.
Published first on TheFly
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