Wedbush Maintains Neutral on Chipotle Mexican Grill, Raises Price Target to $2850
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has maintained a Neutral rating on Chipotle Mexican Grill (CMG) but raised the price target from $2400 to $2850.

March 22, 2024 | 11:32 am
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Wedbush has maintained a Neutral rating on Chipotle Mexican Grill but increased the price target from $2400 to $2850.
The increase in the price target by Wedbush suggests a positive outlook on the stock's future performance, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential impact.
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IMPORTANCE 80
RELEVANCE 90