TD Cowen Maintains Buy on Chipotle Mexican Grill, Adjusts Price Target To $72 (50:1 Stock Split)
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles maintains a Buy rating on Chipotle Mexican Grill (NYSE:CMG) and adjusts the price target to $72 from $3600 due to a 50:1 stock split.
June 26, 2024 | 5:30 pm
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TD Cowen analyst Andrew Charles maintains a Buy rating on Chipotle Mexican Grill and adjusts the price target to $72 from $3600 due to a 50:1 stock split.
The maintenance of a Buy rating and the adjustment of the price target to reflect the 50:1 stock split are positive signals for investors. The stock split makes shares more affordable, potentially increasing demand and liquidity.
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