Chipotle (CMG) Upgraded to Buy: What Does It Mean for the Stock?
CMGChipotle Mexican Grill(CMG) Zacks Investment Research·2024-02-27 02:00

Chipotle Mexican Grill (CMG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Ind ...