Keybanc Maintains Overweight on Chipotle Mexican Grill, Lowers Price Target to $2200
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Eric Gonzalez maintains an Overweight rating on Chipotle Mexican Grill (NYSE:CMG) but lowers the price target from $2300 to $2200.
July 27, 2023 | 8:36 am
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Keybanc analyst has maintained an Overweight rating on Chipotle Mexican Grill but lowered the price target from $2300 to $2200.
The news is directly related to Chipotle Mexican Grill (CMG). The Overweight rating indicates that the analyst believes the company's stock will outperform the market, which is positive. However, the lowering of the price target from $2300 to $2200 might indicate a slightly less optimistic outlook, which could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100