Chipotle Mexican Grill's Pricing Study Affirms Strong Value Proposition, Says Analyst
Chipotle Mexican Grill(CMG) Benzinga·2024-06-29 01:38
Loading...Loading...Raymond James analyst Brian M. Vaccaro reiterated an Outperform rating on the shares of Chipotle Mexican Grill Inc CMG and raised the price target from $67 to $70.The company recently announced a 50-for-1 stock split.According to data, the company is sustaining strong comp and traffic outperformance despite contending with viral social media posts questioning its portion sizes and a softer consumer backdrop, said the analyst.Chipotle's expected mid-single digit percentage y/y traffic gro ...