Chipotle price target raised to $3,600 from $3,400 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Chipotle to $3,600 from $3,400 and keeps a Buy rating on the shares. The company’s Q1 print will likely be among the best in restaurants this quarter and should be a win for the bulls even against a high bar, the analyst tells investors in a research note. The firm says Chipotle delivered a high-quality beat on impressive traffic-driven same-store-sales.