Stephens & Co. Maintains Overweight on Chipotle Mexican Grill, Lowers Price Target to $2330
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long maintains an Overweight rating on Chipotle Mexican Grill (NYSE:CMG) but lowers the price target from $2400 to $2330.
October 11, 2023 | 4:29 pm
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NEUTRAL IMPACT
Despite the lowered price target from $2400 to $2330, Stephens & Co. maintains an Overweight rating on Chipotle Mexican Grill, indicating a positive outlook.
The lowered price target might initially cause some negative sentiment among investors. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could balance out any potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100