Baird analyst David Tarantino raised the firm’s price target on Chipotle (CMG) to $70 from $62 and keeps an Outperform rating on the shares. The firm viewed the Q3 report as largely satisfactory, as the strength in same-store traffic momentum and better-than-expected margin performance is prompting an upward revision to 2024-2025 EPS estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMG: