Check Out What Whales Are Doing With CMG
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 51% of detected trades having bearish expectations. Whales have been targeting a price range of $1,000 to $2,850 for CMG over the last 3 months. TD Cowen maintains an Outperform rating on CMG with a price target of $2,350.
May 30, 2023 | 6:45 pm
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Whale investor takes a bearish stance on Chipotle Mexican Grill, with 51% of detected trades being bearish. TD Cowen maintains an Outperform rating with a price target of $2,350.
The bearish stance taken by a whale investor, who has significant influence on the market, could lead to a short-term negative impact on CMG's stock price. However, TD Cowen's maintained Outperform rating and price target of $2,350 may provide some support to the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100