BofA raised the firm’s price target on Chipotle to $2,570 from $2,200 and keeps a Buy rating on the shares. The firm is fine-tuning estimates for restaurant stocks ahead of Q2 earnings season for the group and raising price targets for a number of names in its coverage on higher estimates and/or higher market multiples.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CMG:
- Chipotle Stock (NASDAQ:CMG) Near Highs, Could Keep Surging on Automation Opportunity
- Chipotle price target raised to $2400 from $2200 at Baird
- Chipotle price target raised to $2,400 from $2,080 at Wells Fargo
- Chipotle signs agreement to open restaurants in the Middle East
- Chipotle price target raised to $2,310 from $2,270 at Truist