Barclays Maintains Equal-Weight on Chipotle Mexican Grill, Raises Price Target to $2400
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Chipotle Mexican Grill (CMG) and increased the price target from $2246 to $2400.
February 07, 2024 | 7:52 pm
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Barclays has maintained an Equal-Weight rating on Chipotle Mexican Grill and raised the price target from $2246 to $2400.
The increase in price target by Barclays reflects a positive outlook on Chipotle Mexican Grill's stock, suggesting potential upside. Given the analyst's credibility and the significant raise in target, this could lead to increased investor confidence and a potential short-term price increase.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90