Citigroup Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3016
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Buy rating on Chipotle Mexican Grill (CMG) and increased the price target from $2699 to $3016.
February 07, 2024 | 7:19 pm
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Citigroup has reaffirmed its Buy rating on Chipotle Mexican Grill and raised the price target from $2699 to $3016.
The upgrade in the price target by a reputable analyst like Jon Tower from Citigroup suggests a strong confidence in Chipotle Mexican Grill's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in CMG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100