Credit Suisse analyst Lauren Silberman raised the firm’s price target on Chipotle to $2,200 from $2,050 and keeps an Outperform rating on the shares. The firm notes Chipotle delivered an "impressive" Q1 print with beats across-the-board. Credit Suisse continues to have high conviction in "this rare compounding growth story" positioned for double-digit top-line, margin expansion and unit growth acceleration, and together with relative valuation, believes Chipotle offers a favorable risk/reward.
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Published first on TheFly
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