Piper Sandler Maintains Neutral on Chipotle Mexican Grill, Raises Price Target to $2226
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brian Mullan has maintained a Neutral rating on Chipotle Mexican Grill (CMG) and increased the price target from $1930 to $2226.

January 16, 2024 | 2:53 pm
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POSITIVE IMPACT
Piper Sandler has maintained a Neutral rating on Chipotle Mexican Grill but raised the price target from $1930 to $2226, indicating a potential upside from the current price level.
The increase in price target by Piper Sandler suggests a positive outlook on the stock's potential performance, which could lead to increased investor confidence and a short-term rise in the stock price. However, the Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100