Wells Fargo Maintains Overweight on Chipotle Mexican Grill, Raises Price Target to $3300
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 $3285 to $3300.
April 25, 2024 | 2:00 pm
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Wells Fargo analyst Zachary Fadem maintains an Overweight rating on Chipotle Mexican Grill and raises the price target from $3285 to $3300.
The increase in the price target by Wells Fargo reflects a positive outlook on Chipotle Mexican Grill's stock, suggesting confidence in the company's future performance. This analyst endorsement is likely to influence investor sentiment positively in the short term, potentially leading to an increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100