TD Cowen analyst Andrew Charles raised the firm’s price target on Chipotle to $2200 from $2050 and keeps an Outperform rating on the shares. The analyst said a strong 1Q and 2Q quarter-to-date performance lends confidence to newly issued 2023 guidance as thru-put efforts and menu innovation are resonating.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CMG:
- Chipotle Mexican Grill Sizzles after Better-than-Expected Q1
- Chipotle price target raised to $2,000 from $1,970 at Stephens
- Chipotle price target raised to $2,200 from $2,050 at Credit Suisse
- Chipotle price target raised to $2,100 from $2,000 at Stifel
- Chipotle price target raised to $1,885 from $1,550 at Barclays
