Wells Fargo Maintains Overweight on Chipotle Mexican Grill, Raises Price Target to $2800
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has maintained an Overweight rating on Chipotle Mexican Grill (CMG) and increased the price target from $2600 to $2800.
February 07, 2024 | 2:20 pm
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Wells Fargo analyst Zachary Fadem has reaffirmed an Overweight rating on Chipotle Mexican Grill and raised the price target from $2600 to $2800.
The increase in the price target by a reputable analyst suggests a strong bullish sentiment towards Chipotle Mexican Grill. This endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100