Deutsche Bank Maintains Hold Rating On Chipotle Mexican Grill

According to Deutsche Bank, Chipotle Mexican Grill CMG shares are likely to trade down modestly on the slight miss on 2Q EPS. Deutsche Bank said that the share weakness is likely to be mitigated by the continued strong traffic growth and a more aggressive stance on pricing, causing us to raise forward estimates. “Maintain Hold on full valuation. Raising PT to $320.” Chipotle Mexican Grill closed yesterday at $333.71.