Chipotle price target raised to $64 from $61 at Stephens

Stephens raised the firm’s price target on Chipotle to $64 from $61 and keeps an Equal Weight rating on the shares. The firm believes Chipotle is in position to deliver modestly above consensus comps in Q2, supported by operational throughput tailwinds, and believes the recent pullback offers an attractive entry point for tactical investors ahead of the Q2 print, though it remains Equal Weight on the shares.