Barclays Maintains Equal-Weight on Chipotle Mexican Grill, Raises Price Target to $1950
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Chipotle Mexican Grill (NYSE:CMG) and raises the price target from $1885 to $1950.
July 27, 2023 | 11:47 am
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Barclays maintains an Equal-Weight rating on Chipotle Mexican Grill and raises the price target from $1885 to $1950, which could potentially influence the stock's performance.
The raised price target by Barclays indicates a positive outlook for Chipotle Mexican Grill. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100