Barclays Maintains Equal-Weight on Chipotle Mexican Grill, Raises Price Target to $2246
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Chipotle Mexican Grill (NYSE:CMG) and increased the price target from $1885 to $2246.
January 03, 2024 | 12:28 pm
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Barclays has reaffirmed Chipotle Mexican Grill's Equal-Weight rating but raised its price target from $1885 to $2246, indicating a positive outlook on the stock's value.
The increase in price target by Barclays reflects a positive reassessment of Chipotle's stock value, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100