Barclays Maintains Equal-Weight on Chipotle Mexican Grill, Adjusts Price Target To $58 (50:1 - Stock Split)
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Chipotle Mexican Grill (NYSE:CMG) and adjusts the price target to $58 from $2865, reflecting a 50:1 stock split.
July 17, 2024 | 3:36 pm
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Barclays maintains an Equal-Weight rating on Chipotle Mexican Grill and adjusts the price target to $58 from $2865, reflecting a 50:1 stock split.
The Equal-Weight rating suggests a neutral stance from Barclays, indicating no strong buy or sell recommendation. The adjusted price target reflects the 50:1 stock split, which is a technical adjustment and does not imply a change in the company's valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100