Citigroup Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $2699
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has reaffirmed a Buy rating on Chipotle Mexican Grill (NYSE:CMG) and increased the price target from $2292 to $2699, indicating a positive outlook on the company's stock.
January 24, 2024 | 7:06 pm
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Citigroup has maintained a Buy rating on Chipotle Mexican Grill and raised the price target to $2699, suggesting confidence in the company's future performance.
The increase in price target by Citigroup reflects a strong vote of confidence in Chipotle's future performance and growth potential. This positive analyst action is likely to be viewed favorably by investors and could lead to a short-term increase in the stock price as market sentiment is influenced by analyst ratings and price targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100