Raymond James Reiterates Outperform on Chipotle Mexican Grill, Adjust Target to $70 from$67 (50-for-1 Stock Split)
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Vaccaro has reiterated an Outperform rating on Chipotle Mexican Grill (NYSE:CMG) and adjusted the target price to $70 from $67, following a 50-for-1 stock split.
June 28, 2024 | 5:49 pm
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Raymond James has reiterated an Outperform rating on Chipotle Mexican Grill and adjusted the target price to $70 from $67, following a 50-for-1 stock split.
The reiteration of an Outperform rating and the adjustment of the target price to $70 from $67 by Raymond James is a positive signal for investors. The 50-for-1 stock split makes the stock more accessible to a broader range of investors, potentially increasing demand and driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100