In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Chipotle Mexican Grill CMG, and raised the price target from $330.00 to $345.00.
In the report, Poole noted, “The double-edged sword of commodity inflation. CMG posted a solid beat on 1Q margins, and ests. moving higher. However, mgmt. showed more hesitation around raising menu prices than in recent calls, citing some moderation in food infl. and a choppy macro. Higher pricing is a key component of the 2H bull case. The uncertainty here may limit near-term upside in the shares.”
Chipotle Mexican Grill closed on Thursday at $328.36.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in