Barclays raised the firm’s price target on Chipotle (CMG) to $60 from $55 and keeps an Equal Weight rating on the shares. The company’s Q4 comp was in-line, while earnings were a modest upside, the analyst tells investors in a research note. However, the firm says the tougher Q4 compare and lap of price without replacement, coupled with the more modest 2025 new unit growth relative to the long-term guide, has investors more cautious.
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