CORRECTION: Wedbush Reiterates Outperform on Chipotle Mexican Grill, Maintains $2200 Price Target - Price Target Action Updated
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has reiterated an Outperform rating on Chipotle Mexican Grill (NYSE:CMG) and maintained a price target of $2200.
September 08, 2023 | 7:25 pm
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POSITIVE IMPACT
Wedbush analyst maintains Outperform rating on Chipotle Mexican Grill with a $2200 price target.
The reiteration of an Outperform rating by a well-known analyst like Nick Setyan is a positive signal for Chipotle Mexican Grill. The maintained price target of $2200 also indicates that the analyst believes the stock has significant upside potential. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100