Chipotle price target raised to $71 from $67.38 at Citi

Citi analyst Jon Tower raised the firm’s price target on Chipotle to $71 from $67.38 and keeps a Buy rating on the shares. The analyst expects another modest sales beat and “encouraging commentary” regarding momentum though the quarter when Chipotle reports. The firm would be surprised if investors emerge from the quarter “with any real holes to poke in the story” or anything to drive long-term investors away from the name.