Chipotle Mexican Grill shares are trading higher after Oppenheimer maintained an Outperform rating on the stock and raised its price target from $2,050 to $2,350. Also, Morgan Stanley raised its price target from $1,910 to $2,025.
Portfolio Pulse from Benzinga Newsdesk
Chipotle Mexican Grill's stock is trading higher after Oppenheimer maintained an Outperform rating and raised its price target from $2,050 to $2,350. Morgan Stanley also raised its price target from $1,910 to $2,025.
July 17, 2023 | 2:12 pm
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Chipotle's stock is likely to rise in the short term due to the raised price targets by Oppenheimer and Morgan Stanley.
Analyst ratings and price targets often influence the market's perception of a stock. In this case, both Oppenheimer and Morgan Stanley have raised their price targets for Chipotle, indicating their positive outlook on the company. This is likely to increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100