RBC Capital analyst Christopher Carill raised the firm’s price target on Chipotle to $2,425 from $2,185 and keeps an Outperform rating on the shares. The firm’s investor meetings with the company this week were highlighted by its traffic and throughput opportunities as well as new restaurant development, the analyst tells investors in a research note. The stock remains RBC’s “favorite name” among the company-owned restaurant models given the company’s long-term opportunities to increase margins and returns, the firm adds.
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