RBC Capital Maintains Outperform on Chipotle Mexican Grill, Raises Price Target to $2425
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Christopher Carril has maintained an Outperform rating on Chipotle Mexican Grill (NYSE:CMG) and increased the price target from $2185 to $2425.
December 01, 2023 | 4:27 pm
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RBC Capital analyst Christopher Carril has reaffirmed Chipotle Mexican Grill's Outperform rating and raised the price target from $2185 to $2425, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a strong confidence in Chipotle Mexican Grill's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price, as it implies an expectation of continued growth and profitability for the company.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100